www.iva.co.uk

Posted: **Sat Nov 14, 2009 7:34 pm**

Hello all, I have had my IVA for 41 months now and have a balance outstanding of £8024. I have contacted my IP to offer a full and final settlement of £6000 which I have confirmed in writing. I have been advised that a creditors meeting will have to be organised and this will more than likely be in the New Year, in the meantime, I'm to continue making my monthly payments so if this meeting is not until January 2010 that would mean that I've paid off a further £932, (2x£466) is this correct in what i've been advised by my IP? Any advice here would be appreciated. thanks Jeff

Posted: **Sat Nov 14, 2009 7:38 pm**

Hi, yes you should continue paying untill the creditors meeting so you dont fall into default.

Posted: **Sat Nov 14, 2009 7:43 pm**

Hi Lisa, many thanks for the prompt advice. I thought this was the case, obviously with the balance being reduced while I wait for the Creditors Meeting to be arranged, hopefully this will make my offer even more acceptable as my overall blance would have been reduced by the said amount.

Posted: **Sat Nov 14, 2009 7:48 pm**

I totally agree with Lisa.

Good luck with your meeting.

Posted: **Sat Nov 14, 2009 7:48 pm**

Hi Jeff, good luck with your proposed F&F, hope it's accepted, do let us know.

Posted: **Sat Nov 14, 2009 7:49 pm**

Thanks Jan

Posted: **Sat Nov 14, 2009 7:50 pm**

Will do Lesley, as soon as I know.

Posted: **Sat Nov 14, 2009 8:14 pm**

Best of luck with the offer

Posted: **Sat Nov 14, 2009 9:30 pm**

I would say that the offer is a little on the low side, if there is no reason for the offer apart from wanting to end the IVA earlier. If, however, you are struggling to make your payments then the offer may be very worthy. Stick with your own IP's advice and let them fight your corner on the day of the meeting.

Posted: **Sat Nov 14, 2009 9:35 pm**

good luck jeff hope you get some good news best of luck !

Posted: **Sun Nov 15, 2009 8:44 am**

Good luck Jeff and hopefully they will accept this offer, take care and be safe.

Posted: **Sun Nov 15, 2009 12:12 pm**

best of luck with the offer jeff.

Posted: **Sun Nov 15, 2009 4:57 pm**

I am sure you will be fine Jeff, and I await a positive post!

Posted: **Sun Nov 15, 2009 5:05 pm**

Thanks for all your positive comments, much appreciated, will definately keep this site posted of my progress

Jeff

Posted: **Thu Jan 28, 2010 6:16 pm**

Further to my Question in November, my creditors meeting was held today and my full and final settlement figure was ACCEPTED, yip pee, fantastic new for the start of a fresh new year. I can thank everyone enough for all the absolute fantasic advise I have been given on here

Jeff