www.iva.co.uk

Hi again fellow IVA'ers. I know I posted here recently and I've read through about 10 pages of posts however I'm still confused. Easiest way to present my query is to replicate on here the 'estimated outcomes' page that I had with my latest annual review and what my creditors will have seen. Sorry if this is a bit confusing, couldn't figure out how to post in table form:

Agreed outcome of total assets available - 12274
Realisations to date - 7201
Estimated future realisations - 8065
Estimated final outcome of total assets available - 15267

Less costs:
Voluntary arrangement:
Agreed nominees fees - 851
Estimated nominees fees - 914
Agreed nominees costs - 0
Estimated nominees costs - 19.65
Agreed supervisors fees - 1691
Estimated supervisors fees - 1886
Agreed VAT on fees - 445
Estimated VAT on fees - 92

Agreed outcome total costs - 3087
Estimated final outcome total costs - 3069

Agreed assets for dist to preferential creditors - 9187
Estimated final outcome for dist to preferential creditors - 12197

Agreed / Estimated preferential creditors - 0.00

Agreed available for non-preferential creditors - 9187
Estimated final outcome available for non-preferential creditors - 12197

Agreed non preferential claims - 17855
Estimated final outcome non preferential claims - 17881

Agreed dividend to non preferential creditors (p/£) - 51
Estimated final outcome dividend to non preferential creditors (p/£) - 68

Ok so the above was taken from my second annual review. Since then I have paid a one of overtime payment of £618, 2 x payments of £381 and 1 x payment of £296 (current and future monthly payments). So since review a total of £1676 extra has been paid on top of realisations to date figure.

So....please can I have some realistic suggestions on what would be a realistic F&F offer as im confused. I do not have a mortgage. Im 2 1/2 years into my 5 yr IVA. Thanks again and sorry its a long one.

Flamin Skint

That is a complex projection - but full points to your IP for giving a lot of information within their report. I have to say that we do not go that far in my practice, neither do we need to under reporting regulations, but no harm to present anyone with a very full historic report with the projected outcome being highlighted at all stages of the process.

I would base your offer on the current amount you are paying, multiplied by the number of payments you have still to make.