full and final offer

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gary29

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Post by gary29 » Wed May 21, 2014 9:30 pm
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Hi

My mum and dad wish to settle our iva. We have 32 payments of £158 = £5056 left to pay and no equity in house. They have offered £4700 to finish iva. Do you think this would be an acceptable offer.

Thanks
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Foggy

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Post by Foggy » Wed May 21, 2014 9:55 pm
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Sounds good to me -- the creditors will be getting the money early ... bird in the hand being worth two in the bush, and all that.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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Shining

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Post by Shining » Wed May 21, 2014 10:00 pm
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Good luck with your offer.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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welshwiz

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Post by welshwiz » Wed May 21, 2014 10:11 pm
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Seems like a good offer Good luck
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gary29

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Post by gary29 » Wed May 21, 2014 10:25 pm
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Thanks, can't even imagine what it would be like debt free. So grateful of their offer, fingers crossed.
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MelanieGiles

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Post by MelanieGiles » Thu May 22, 2014 12:08 am
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I'd put that offer forward for you with my full support gary29, if I were your IP.
Regards, Melanie Giles, Insolvency Practitioner
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Struzzo39

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Post by Struzzo39 » Thu May 22, 2014 7:53 am
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Good luck, keep us posted
Steven & Debbie
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Michael Peoples

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Post by Michael Peoples » Thu May 22, 2014 9:08 am
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Make sure the offer reduces with each extra payment you make as some firms can be slow in proposing variations.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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gary29

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Post by gary29 » Thu May 22, 2014 10:46 am
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Thanks for all the advice will definitely word it so it reduces each month in line with my payments. Unfortunately Melanie you are not my IP but glad you think acceptable.
Last edited by gary29 on Thu May 22, 2014 10:49 am, edited 1 time in total.
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