minimum £ pence in £1 to repay back to creditors

[Yani]

I would like to know what is the minimum of the £ pence in pound the creditors will accept as a lump sum? any ideas?

[kallis3]

Hi,

You would normally need to offer as close to the original dividend as possible.

[Yani]

Hi,
Thank you for your reply. they have offered (IP) 29.13 pence instead of 35 pence in a pound. Does that sound like its likely to be accepted? I believe that after 5 years paying into my IVA the IVA company holds all the monies until the completion? so all they are doing is offering a lump sum now? If Im not mistaken..

[Broke of London]

It depends on your proposal. My IP distributes dividends on a quarterly basis so wouldnt ever hold very much money on my behalf.

Unless you are contributing additional monies for the F&F, they would be offering funds paid to date.

I don't know whether it will be accepted; good luck!

[MelanieGiles]

So long as you are making the best offer you can Yani, there should be no reason why creditors would not accept.