www.iva.co.uk

Can anyone advise me about final offers please

Fozzy, how nice to see you and hope you are ok.

You should normally try and offer as close to your original dividend as possible. You need to tell the IP that the money is only available for the full and final.

Is there a particular reason you are offering this such as redundancy or illness?

I have been given a redunancy figure , but unfortunately it drops short of my debt figure.

What are the chances of you getting another job once you are made redundant?

What usually happens is that you are allowed to keep up to six months worth of money to fund your normal finances until you get another job and then anything left would be paid across to the IVA.

You can ask them to accept this money as a full and final but you need to have a chat with your IP.

I have been working as a school caretaker for the last 13 years , but have been given my reduancy notice to finish on 31st August, I am a bricklayer by trade and I intend to go self employed from September.

Hopefully one of the experts will be on later to assist but I would recommend running it past your IP.

Thanks Jan

Hi Fozzy - all you can do is offer what you can and see what your IP says - sometimes creditors will accept less than the original dividend but it depends on each indivudual case.

Let us know how you get on.

Regards,