What kind of reason are they looking for?

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monkey240175

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Post by monkey240175 » Sat Apr 18, 2009 10:57 pm
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I've seen in a lot of topics that you need to state a reason for making a f&f settlement offer, but what kind of reason are the creditors looking for?

I have been offered a lump sum to clear my IVA and obviously want to make them an offer but is that reason enough?

Please help! I am writing my offer letter at the moment!

Many Thanks
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MelanieGiles

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Post by MelanieGiles » Sat Apr 18, 2009 10:59 pm
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Your reason is a good one - someone has offered you the money and you wish to accept that offer to clear your IVA. This money would not be available to you for any other purpose, and will have to be repaid from your disposable income which is presently being paid into the IVA.
Regards, Melanie Giles, Insolvency Practitioner
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monkey240175

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Post by monkey240175 » Sat Apr 18, 2009 11:16 pm
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Thank you very much for your quick response and help.
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David Mond

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Post by David Mond » Sun Apr 19, 2009 4:05 am
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Is the money coming from an independent third party?
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
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