Acceptable F&F?

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Bmarie

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Joined: Mon Jan 25, 2021 8:05 pm

Post by Bmarie » Mon Jan 25, 2021 9:21 pm
Hi, do you think i am likely to be accepted for a f&f. My IVA was for £6480. I have made 31 payments of £108 which totals £3348. My mother has offered to pay £2500 to settle. I know nobody can say for certain just looking for a bit of advice really. Thank you

Foggy

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Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Tue Jan 26, 2021 8:53 am
Assuming you have a 5 year IVA ( and not a home owner) you have around 29 payments left, currently at £108. So creditors are expecting to see another £3132 from you in regular payments.

Based on that and saving creditors over 2 years messing about with dividends etc. I would say £2500 is a fair offer.

Best of luck with it . Let us know how you get on.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk
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