what would you expect as an early settlement fee ?

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pete.k

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Post by pete.k » Mon Jan 07, 2008 5:15 pm
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i owed £30,000. i have had an iva for 2 years, paying £200 per month. what would you expect an early settlement fee to be ?
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Adam Davies

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Post by Adam Davies » Mon Jan 07, 2008 5:40 pm
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Hi
You are paying 12k into the IVA over 5 years,correct ?
If your IP fees are 5k for the term then there would be a saving of about 1200 but possibly a variation fee.You may well have to offer in the region of 6k to return the original dividend and secure acceptance
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Andy Davie
IVA.co.uk Spokesperson and Website Manager

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp
Andam Davies
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MelanieGiles

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Post by MelanieGiles » Mon Jan 07, 2008 8:51 pm
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Great guidance from Andy, but the only one who can really advise you on this is your own IP, who can hopefully give direction on what the creditors are likely to accept given your circumstances.

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
Regards, Melanie Giles, Insolvency Practitioner
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