After F&F is accepted, is there a deadline or timeline to pay the agreed amount?

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Linziandava
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by Linziandava » Sun Feb 04, 2018 4:42 pm
Hi,
New to forum. Been in IVA 2 years. Have kindly been offered by a 3rd party a gift payment TO IVA for full and final settlement only. If accepted, how long do the funds have to be paid by? Ideally straight away I guess, but do you have 30 days or anything? Must be a term to how long when it's accepted does anyone know? Reason I ask is full funds won't be available for 3 months as 3rd party waiting for USA to finish. However a) I know process applying and meeting with creditors with take time and also I want to get the ball rolling. Its making me depressed.
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Foggy
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by Foggy » Sun Feb 04, 2018 4:56 pm
It can be whatever you specify in the offer. However, they will want to know the funds will be available and will need proof.
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Lisa Thomas
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by Lisa Thomas » Mon Feb 05, 2018 9:56 am
It's up to you to propose your terms. The quicker the funds re paid over, the quicker the case should be closed.
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