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Posted: Sat Feb 02, 2008 2:35 pm
by Stupid
Can someone advise me please
At the proposal stage, is it possible to make a full and final offer to creditors then, and if so, is there some kind of formula/amount/percentage that is generally accepted?
Thanks
Posted: Sat Feb 02, 2008 3:24 pm
by MelanieGiles
Yes it is possible to offer an IVA on a full and final settlement basis from the outset, and there are no real rules as to what is generally accepted - just the very best offer you can make.
Posted: Thu Feb 07, 2008 2:21 pm
by depressed
hi stupid ,we are offering a lump sum iva at around 35- 40 p in the £1 ,we will know more once our proposal is drawn up as we are not certain of our ip charges yet ,we can't commit ourselves to a 5 yr iva due to our circumstances so this is the very best we can offer ,i don't think there is a rule as such as to whats exepted but i know most companies are at least looking for 25p in the £1 ,some like hsbc 40 p in the £1 .
melainie and andy are always fantastic for advice they've stopped alot of my worries over the past few months .