www.iva.co.uk

hi great news i was wondering did you need to give a reason why you wanted to end it early or did you just offer the money?? my ip says i need a very good reason to end early or the offer has to be the full amount

Hi
A great result Ian,well done.
You don't need a reason,if you have a lump sum available through a third party then creditors would prefer the monry now rather than later.
There will be savings on IP fees through an early offer so less can be paid whilst still providing the anticipated dividend
Regards

Andy is correct - tell your IP that the money is coming from a third party, and that you wish to put forward an offer for settlement. They ought to be delighted to help you!

SORRY FOR THE LATE REPLY. IF I CONTINUED WITH MY MONTHLY PAYMENTS UNTIL THE END OF MY IVA I WOULD HAVE PAID £14980. I ASKED MY IP FOR A FIGURE BASED ON THE ORIGINAL DIVIDEND OFFERED. MY IP GOT BACK TO ME THE NEXT DAY STATING AN OFFER OF £13000 WOULD GIVE MY CREEDITORS THE ORIGINAL DIVIDEND OFFERED. THE £1490 SAVING WOULD COME FROM IP FEES. I DECIDED TO BE BRAVE AND OFFERED £10000 AND IT WAS ACCEPTED BY MY MAIN CREDITOR (LlOYDS TSB) ALTHOUGH ONE CREDITOR REFUSED. IT WENT THROUGH BECAUSE THE VALUE SHARE(LLOYDS) WAS OVER %75. I AM WELL CHUFFED AS I AM MOW PAYING A FAMILY MEMBER £416 A MONTH FOR THE LAST TWO YEARS INSTAED OF £572 A MONTH.

That is great news Ian, and will be inspirational to other posters who are in the same position and wondering how much to offer.

Enjoy spending that extra cash which is now in your hands.

Well done - it proves the point that creditors are prepared to listen and a reasonable F&F will nearly always be accepted.
Your original post stated that it had been accepted - debt of £39,000 you corrected to £39,0000 again!

SILLY ME. MY FINGERS ARE STICKING TO THOSE ZERO'S!!