will F/F be a set figure or negoitiable

[ent]

Im currently 18 months into my iva. I am looking at settling my iva shortly. How does this work? Am i expected to pay the complete debt or the agreed debt stated in my iva? What im basically asking will it be a set figure or negoitiable figure. Thanks

[MelanieGiles]

Hi ent and welcome to the forum

You will need to ask your IP for a guide settlement figure, but the ultimate judges are the creditors themselves at a new meeting convened for the purpose of voting on your proposed settlement.

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

[iva experts]

Hello ent,

I would contact your I.P and ask them what a suitable settlement figure would be, taking into account the 18 months worth you have already paid. Depending on whether the I.P feels the creditors would take a lower figure, it could be negotiable.

Best Regards,
IVA Experts
http://www.iva-experts.co.uk/

[Cybus]

I'm curious as to what you are going to be using to make the full and final settlement offer at this early stage?
Equity, third party funds ... ???


Tell it like it is.