does increase in payment get deducted from total?

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vanessa.d

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Post by vanessa.d » Tue Aug 05, 2008 11:44 pm
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My pay has increased and I have been asked to pay £2000 backdated 6 months. If Ican offer a F&F settlement will this amount be deducted as a sum already paid? I cannot pay this amount and may need to borrow some money from my family to pay it. I will be calling my IP provider as i think it has been calculated wrongly, does any increase in payment get deducted from the total agreed in the proposal. Thanks,
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MelanieGiles

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Post by MelanieGiles » Tue Aug 05, 2008 11:46 pm
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This money would need to be paid over, but if you are going to borrow money from someone to offer a full and final settlement, this could be deducted from the overall sum - effectively meaning that the F&F would be £2k lower.
Regards, Melanie Giles, Insolvency Practitioner
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