Page 1 of 1
Posted: Tue Nov 24, 2009 8:43 pm
by nancyspong
I am 36 months into my IVA. It is difficult but I am making it work. If by chance i could settle early what would be the process? I have 24 months to got at £250 per month.
Posted: Tue Nov 24, 2009 9:05 pm
by MRBLUESKY
hi nancy the money would need to come from a third party on the understanding it was only available on the condition your creditors excepted it as a full and final settlement.£5000 in my experience may be accepted,in certain circumstances less may be accepted,best to have a chat with your ip has they know your terms of your iva and could advise.good luck .
Posted: Tue Nov 24, 2009 10:54 pm
by MelanieGiles
Where would you be getting the money from as a matter of interest?
Posted: Wed Nov 25, 2009 3:50 pm
by Julie
Hi Nancy,
As the others have said you need to approach your IP with a figure near to the full amount. they would look into where the money is coming from.