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Posted: Mon Jan 12, 2015 8:02 pm
by Bowman
What is a convincing reason for full and final.
Posted: Mon Jan 12, 2015 8:23 pm
by Foggy
If the full and final is around that the creditors were expecting anyway it is good enough to simply want the IVA ended so that you can get on with your life. The creditors benefit from early settlement too.
If you want to make a lower offer you have to come up with a compelling reason such as health issues, long term unemployment, or something which will threaten the running of the IVA.
Posted: Mon Jan 12, 2015 8:23 pm
by Foggy
I might add that, usually, the most convincing is, in fact, the truth
Posted: Mon Jan 12, 2015 8:27 pm
by seagulls
I don't believe I gave any reason to want to finish the IVA early .
It was more a matter of securing a satisfactory financial arrangement for all parties .
Posted: Mon Jan 12, 2015 11:40 pm
by plasticdaft
Bowman,do you have a specific reason for offering a full and final to end the iva early?
Paul
Posted: Tue Jan 13, 2015 5:03 am
by Bowman
Hi plastic daft, stress, depression, amnesia, lost direction etc....struggling at work with workload, unrealistic targets, spending too much time away from home travelling
Posted: Tue Jan 13, 2015 9:07 am
by Adam Davies
Hi
Health is a compelling reason and one that creditors will take notice of because of the possible fall out
Good luck
Regards
Posted: Tue Jan 13, 2015 9:31 am
by Shining
Good luck with your offer of a F&F I hope it works out for you, your health is paramount in all of this. Take care