i am not sure if you remember but about 5 weeks a go i found out that my dad had brain cancer and i was going to approach my IVA company about asking my creditors to accept what i had paid as a full and final offer so i could help my parents out but they would not do this but did lower my contributions to the original amount which gave me a extra 350 a month which was a big help
Unfortunately everything happend very quickly and my dad passed away last Sunday, From my dads pension my mum said she will give me 3,500 as a offer for a full and final offer just a reminder -
I owed 32,000
1st year paid 429 a month
2nd year paid 650 a month
last year and a half paid 739
Plus i have paid about 2500 extra from bonuses etc so i have paid back my original agreed dividend already
hopefull my offer will be accepted but i will keep you updated, the majority of my debt has been bought by max recovery and i understand this can work in my favour?
Hi Sarah and I too am sorry about your father. It is good that things got a little easier and hopefully your offer will be accepted. Max Recovery are a very good commercial operation and fingers crossed they read the variation and accept the full and final.
Hi Sarah. I am so sorry about your father & in this instance I am sure max recovery will be responsive to your offer especially as you would have achieved the original dividend.
I'm sure Max Recovery will be sympathetic, they will probably be getting more than they paid for the original debts.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
With regard to your IVA, I fear that you will need to demonstrate an inability to continue with payments at your current level to persuade creditors to accept a short settlement. Take advice specifically on this point from your own IP who has detailed knowledge of your case.
My thoughts are with you and your Mum at this time, and if I can be of any help to you off-line please do not hestitate to call me.
Hi Sarah, so sorry to hear about your dad. I would as everyone else has said speak with your IP and see where that takes you. Good luck with whatever you decide to do and my heartfelt thoughts are with you and your family at this present time.
Om shanti, namesté, good luck to all who are embarking on the IVA journey, it isn't always an easy one but the outcome is the best.
IVA COMPLETED August 2012, received Completion certificate 18.4.13.
Sarah my Mum was aged 60 when she too was diagnosed with brain cancer and passed away about 4/5 weeks later...unfortunately this was only within 5 weeks of my step father also passing away so i know you will be having a torrid time. I hope your IP can assist you and our thoughts are with you.
Good luck for the future.
I came into this world with nothing and still have most of it left!
thanks all i have contacted the company and i am waiting for a phone call back, when i approached them about this before they seemed to think that 5000 would be accepted but my mum has only offered 3500 so i will see what they say and update you all
i have had a chat with my mum and she is now willing to give me 5000 towards my IVA and if i was continue the full term then they would get 8000 but i have already paid back my original dividend. This all just feels like it did when i was waiting for the result of my IVA in the 1st place. i think i should have waited to do this as it is just a bit too much with my dad at the same time i am feeleing even more stressed out now but i cant take it back now an the sooner it is over the better.
but i do have a question for the experts if the 5000 is rejected then what are my options would they give me the opportunity to offer more like they would have done on the original creditors meeting or would that be it? i dont think i can offer more as that is all my mum can offer but i would like to know my options?
thanks for the good wishes it all happend so quickly but i am glad he is not in pain any more. But life can be very unfair
