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Hello,

The idea of a full & final settlement has been intriguing me recently.

I am 2 years into a 5 year arrangement and have just under £8000 outstanding having paid just over £5000 so far.

Is an offer supposed to be more than the current outstanding amount (i.e. > £8000) or about the same level?

Thanks!

It is usually a good idea to offer the ammount you will have paid if the IVA ran its full 5 years. You can of course deduct some supervisor fees as they would no longer be acting for you.

The best thing to do is to seek advice from your own Supervisor on this point. They will know you actual details, and also which creditors you have, and can better gauge what might be acceptable.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp