Hi, this links with a social post I have written about wanting to try for a family. I had debts of £35,000, and to date after almost three years have paid £15,000. My husband is possibly going to sell his house (his before we met and nothing financially connected to me), and is offering to give me around £7000 to try and end my IVA. Do people think this is acceptable as a full and final? I had never heard of them until I came onto this forum?
Thanks for your help,
jlo
hi jlo and welcome.
theres nothing to stop you proposing. run it by your ip.
from what ive read on here creditors may be slightly flexible due to the financial climate.
only your ip can advise for sure.
good luck n keep posting x
I would certainly give it a try as the total contributions may have decreased but the fees will also come down and creditors have the benefit of the money earlier.
Melanie is right. This offer will give prospective creditors (inc what you have already paid in) about 62p in the £. What was the original promise or estimate?
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
