What sort of sum would you suggest

[r_l]

i had about £22k Worth of debt - i have been paying £275 a month for 18months. do ill be paying back a total of £16500. What sort of sum would you suggest as putting forward to my creditors to come out of this early? My father has offered this.

[MelanieGiles]

I would suggest about £12,000. This equates to the remainder of your contributions and gives creditors a little bit more to tempt them to accept your offer. Take advice from your IP though in the first instance.

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

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

[Oliver]

Hi r_l

Make sure that your IP undersands that your Father will require the money paid back to him and that the cash is not a gift. This way you can argue that your current disposable income will now have to be used to pay your Father back.



Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp

[r_l]

Many thanks for all your advice.

Will do X

[Oliver]

You're more than welcome. All the best with everything.



Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp