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Posted: Sun Oct 30, 2011 2:01 pm
by geminifm
Hi all
We are 36 months inton our 60 month IVA, we have a offer from a member of family to pay £6000 into our IVA as a Full and Final, We currently pay £293 a month so if we carried on paying £293 we would pay back £7032, do you think this a fair offer to make.
We have not had our annual review yet but since the last one both my wife have myself have taken pay cuts to the point our expenise's are more than our incoming.
Regards
Posted: Sun Oct 30, 2011 2:57 pm
by Rod Newman
Always worth asking, just make sure they know the offer made to you by the family member is available for a F&F only though. What's the worst that can happen if you ask?
Posted: Sun Oct 30, 2011 6:19 pm
by geminifm
Will contact my IVA company tommorrow and submit the offer and see what happens from there. Any idea how long this prosess can take?
Posted: Sun Oct 30, 2011 7:23 pm
by Rod Newman
Afraid not but if you make an offer like than I would imagine they would be seeking to get the wheels in motion quickly. Also say that they offer is time restricted and if not accepted withing say a couple of months or so could and probably would be removed and the funds used for something else by the family.
Posted: Fri Feb 03, 2012 12:43 pm
by geminifm
Well had our creditors meeting today and our offer of £6000 was accepted, we are thrilled that the end is near!!
Posted: Fri Feb 03, 2012 12:57 pm
by kallis3
Fantastic news, really pleased for you.
Posted: Fri Feb 03, 2012 3:51 pm
by Foggy
Great news. Well done :0)
Posted: Fri Feb 03, 2012 3:52 pm
by nepensioner
Sooo pleased for you, the end is here!!
Posted: Thu Mar 01, 2012 1:25 pm
by Butterfly30
Great news! I am in the process of submitting a f&f. Hope mine is excepted too!
Posted: Thu Mar 01, 2012 2:16 pm
by Rod Newman
Brilliant news, well done.