www.iva.co.uk

Hi, everyone

I have a creditors' meeting scheduled for next Wednesdasday, to offer a full and final settlement. My offer amounts to the number of payments left times my monthly amount.

I'm really excited and yet terrified that it may be rejected, too. What I'd like to know is, how likely is it that the offer will be accepted? I need a change of job as my current role is very stressful and this needs to happen quickly to maintain my sanity; I have stipulated so as my reason for offering an F&F.

It is difficult to predict. I have seen generous offers rejected as well as low offers accepted.

Yours has an excellent chance as the creditors are getting what they signed up for, as well as getting it early and in a lump sum, which saves them time and money in not having to deal with payments in dribs and drabs.

Best of luck.