www.iva.co.uk

My IVA is £440 per month, I have paid 8 months and there are 52 months remaining (£22880). I have had to suspend 10 payments over the last 18 months due to un-emplyment.

My wifes parents have very kindly offered to lend me some money as a f & f offer.

I approached my ip about this asking her how much a sensible offer would need to be and she replied asking how much money are they willing to lend. I don't want to push my luck with my wifes parents as they are being very kind.

Also, looking through my iva paperwork I really cant tell what is what when it comes to my ip's fees/charges etc.

Is there anyway of working out what the offer should be?

My iva is through Payplan.

Thanks in advance for your help.

Hi there and welcome to the forum

The person you spoke to at your IP firm, which I doubt was the IP themselves, should have given you a little more help - although their question was a valid one.

I generally calculate for my clients what they would need to pay in to achieve the dividend originally pledged. However in your case, with a lengthy period of unemployment being experienced, you may well be able to negotiate a lower settlement - which does need to be in a bracket that your relatives can afford.