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Reason for offering funds towards the IVA

Posted: Wed Sep 30, 2020 3:56 pm
by rachel270
Hi all!
My partner is offering a full and final to pay off the remainder of my contributions! Woooooo!!!! so it won't need to go to creditors as my IP has the discretion to accept the full amount.
Just curious on the form that my partner has been sent, it asks the question, "reason for offering the funds towards the IVA". Might seem silly but what does he put there... Is it a trick question?
Thanks everyone! 😊

Re: <t>Reason for offering funds towards the IVA</t>

Posted: Wed Sep 30, 2020 5:59 pm
by Foggy
Reasons generally come into play when the offer is below what the creditors would be getting if the arrangement runs to term. Otherwise, wishing to get on with your life and putting this behind you, to relieve the stress seem perfectly valid reasons

Re: <t>Reason for offering funds towards the IVA</t>

Posted: Thu Oct 01, 2020 2:03 am
by luluj
Thats great and you are so lucky to have someone in a position to help you.
Fingers crossed it all gets agreed for you x

Re: <t>Reason for offering funds towards the IVA</t>

Posted: Thu Oct 01, 2020 6:55 am
by rachel270
Thanks both!
I was thinking something along those lines but was panicking that they will read too much into the answer. He was going to write "She wishes to get on with her life" or something to that effect.
Thanks for your help...
Hopefully only another couple of weeks now and debt free!!

Re: <t>Reason for offering funds towards the IVA</t>

Posted: Sat Oct 03, 2020 3:06 pm
by SteveUK
If they are asking his reasons can't he just say "love"?

Re: <t>Reason for offering funds towards the IVA</t>

Posted: Sat Oct 03, 2020 3:07 pm
by Foggy
Sat Oct 03, 2020 3:06 pmSteveUK wrote:
If they are asking his reasons can't he just say "love"?
You soppy apath ! :roll: