Great news, I have been offered by a relative to make a F&F settlement of my IVA after the sale of their property.
I currently make a monthly payment of £460. I have 53 payments remaining so was thinking an offer in the region of £24,380 - would this be to small (or too big). My IP says they could not advise me of the amount.
My IP says that i will need to have a variation meeting with my IP and then would be put to creditors. The said I will need to discuss my I&E and then my offer would be put to my creditors. Why would I discuss my I&E if a 3rd party is making an offer??
Unfortunately they cannot fit me in for this meeting until mid November - do you think this is reasonable (quite far off think!)?
Its a good offer and its just standard to want to look at your I&E again incase you have had a large pay rise and were able to offer more into your IVA over the remaining term.
Make sure you tell them that the money would only be available if the F&F was accepted.
