www.iva.co.uk

Could someone explain to me how a full and final works?
Im currently in an IVA and was wondering if it was possible to end it early if I managed to get some help from a 3rd party?
My debts stand at approx 25k but in my IVA im paying back 12k inc IP fees.
Would i need to find enough £ to pay the full 25k or the 12k set out in the IVA?

Hi chris

Full and final settlements are usually based on you returning a similar dividend return to creditors as was originally offered. It would be sensible to ask your IP to provide you with a settlement figure so that you have something to work with.