www.iva.co.uk

Hi folks

ive got a question, weve got 15 months left to pay (£300 per month) of a six year IVA, my mum has recently been left an amount of money and is willing to give us £5,000 to offer as full and final settlement of our IVA (its a joint one between myself and my husband). If we were to keep paying we would pay £4,500 over the time left. Our marriage is at breaking point due to the stress of everything going on and my mum is offering this money to "close the IVA". We recently paid in an additional £600 as we received some extra money.

I have emailed GT and stated in the email that the money is only as a full and final and is not available for anything else but i just wanted some advice as they aren't the quickest over some things.

Any advice would be really appreciated as to if this is allowed or timescales (my mum wants the stress off me and hopefully we can attempt to get our marriage back on track ( im not sure if it can be saved at the moment the way things are). If we can clear the IVA it would at least be a start.

Thanks to everyone

Its a good offer and deffinitely worth being put forward to your creditors

Hi we did a F&F IVA this year with help from my parents. i can understand the strain on your marriage - we thought about parting at one point too.

you could offer £4.5 but if you offer the £5k i'm sure it'd go through,i think they'd bite your hand off at £5k.

Karol from GT posts here,i think you could contact her via this site in the "experts" section,in the email subject bar put"IVA forum", there have been lots of positive posts for GT so i'm sure they'll want to help you.

my parents had to write a letter to my IP stating the amount being "offered" & say it was only as a F&F on strict condition the IVA was settled in full,also stating if the offer wasn't accepted the money would not be available.

post how you get on - good luck [:)]

It's a good offer - good luck! And good luck for your marriage too xx

I think it's a good offer too. Good luck with that and I hope you and your hubby can get back on track.

Very good offer - lets hope you get an answer on this asap so that you can rebuild your relationship. Fingers crossed x

i think that sounds like a great offer too, good luck

Jacqecc

Thank you for your post, we have received your email and will be in contact to go through your options regarding a possible full and final.

Kind Regards
Karol

Good luck - let us know how you get on with the F&F