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Probability of settlement being accepted?
Posted: Wed May 26, 2021 5:59 pm
by colin250
What is the probability my full and final settlement offer will be accepted at the creditors meeting on 23rd june.
I have 21 payments left of 179 per month and have offered the full amount of 3759.
Thanks
Re: <t>Probability of settlement being accepted?</t>
Posted: Wed May 26, 2021 6:10 pm
by Foggy
Creditors are getting what they signed up for. They are getting it early and they are saving on time and admin costs. It is impossible to predict. I have seen low offers accepted as well as a few high offers rejected. But this is a very good offer and has every chance.
Best of luck -- do let us know how you get on.
Re: <t>Probability of settlement being accepted?</t>
Posted: Wed May 26, 2021 6:49 pm
by colin250
Many thanks for the reply, i will let you know after i hear. Meeting on june 23 so still 4 weeks off yet. Just want out of it now and luckily my dad is stumping up the money.
Re: <t>Probability of settlement being accepted?</t>
Posted: Wed May 26, 2021 9:52 pm
by kallis3
Good luck - let us know what happens.
Re: <t>Probability of settlement being accepted?</t>
Posted: Wed Jun 23, 2021 1:08 pm
by colin250
Thought i would update you.
My settlement was accepted today so i can now get it closed down.
Quick question..
My dad has transferred the funds to my account, am i ok to pay it from there or does it have to come from his bank. CF did not mention this when i have just called to find out the result.
Thanks
Re: <t>Probability of settlement being accepted?</t>
Posted: Wed Jun 23, 2021 1:31 pm
by Foggy
Well done and congratulations.
Normally we advise that the money should come direct from the donors account, but I assume that CF have checked it and are happy it is their money, not yours. It should be OK coming straight from your account at this stage.
Re: <t>Probability of settlement being accepted?</t>
Posted: Wed Jun 23, 2021 1:37 pm
by kallis3
Excellent news! Well done.
Re: <t>Probability of settlement being accepted?</t>
Posted: Wed Jun 23, 2021 2:10 pm
by colin250
Thanks for the info i will get it paid straight away.
Massive weight off my shoulders just so pleased it went ok.
Thanks again
Re: <t>Probability of settlement being accepted?</t>
Posted: Fri Jun 25, 2021 6:49 pm
by luluj
Great news Colin250 ... enjoy your weekend x