www.iva.co.uk

Hi
This is my first post,but I have been watching these forums for some time now,I was hoping for some info regarding an offer for a full and final payment for my iva with Payplan.
I am 22 months into my iva where I currently pay £200 per month over 5 years,my annual review is due anytime this month.
Any how,my partner and I are expecting our first baby in June 08,and it was when we were discussing finance etc that I bit the bullet and told her about my iva.I had kept this to myself as we were not living together at the time I took it out(although we were together).I was managing ok and didn't want anyone to know my situation.
Being very good with her money she found this hard to take at first,but was very understanding.
She will be in a posiition in January to lend me some money to hopefully pay off my iva.As of Jan I will have 36 months left at £200,assuming I don't have to pay any more after my review.Can I take it that £7200(36 x £200) will be enough to have an offer accepted and would this take into account any nominee meetings,fees etc. If this is not enough can you suggest what I can expect to pay/offer.
Thanks

Hi dgh and a warm welcome to the forum

I would have thought that this would represent a very fair offer, so long as you are not a property owner with equity release provisions contained within your IVA proposal, so put it forward to your IP as soon as you can.

It would be great to start 2008 off debt free, and then you can concentrate on looking after that lovely partner of yours and the little one. I suspect that she will have you doing your fair share of nappy changing and night duties as part repayment of her loan to you!!!

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

Hi Melanie
Thanks for the quick reply,I do not have an equity release clause as I was renting at the time of my iva.My partner does own her own home though(where I now live)this shouldn't have any bearing on the iva should it?
Thanks again
David

Not at all. Go for the settlement - if she is happy to pay this for you, you can start afresh and look forward to the future together.

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