what percentage would they take for settlement?

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flosskat

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Post by flosskat » Wed Feb 07, 2007 10:06 pm
could i get a early settlement figure and what percentage would they take ?
 
 

123debtsolutions

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Post by 123debtsolutions » Thu Feb 08, 2007 1:21 am
Hi Flosskat

You really need to provide more information as every agreement differs.
Try speaking to an advisor or at least taking an eligibility assessment in order for someone to offer you more precise answers to your questions.
Alternatively please provide some further info on whether or not you are currently in an IVA. If not please post an overview of your current financial situation including Total Debts, Creditor Info, Income & Expenditure. Any other relevant info such as whether or not your a home owner and if so how much equity you have in your property.

Best of Luck

Lee
www.123debtsolutions.co.uk
Lee
www.123ds.co.uk - 0808 22 22 123
 
 

accgroup

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Post by accgroup » Thu Feb 08, 2007 9:00 am
Hi Flosskat

If you're already in an IVA you should speak to your IP ASAP if you are considering an early settlement.

Your IP will know the specific terms and conditions of your IVA and will be able to advise accordingly.

They will consider the assets (if any) that are still to be realised under the existing terms of the IVA and what the current proposed dividend to creditors is and compare this with what you can offer to settle the IVA early.

Hope this helps

AccumaGroup - A large insolvency practitioner service based in Manchester.
www.accumagroup.com
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