Do you think debtors will accept this as final settlement?

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Post by » Mon Jun 21, 2010 8:48 am
I am now in year 5 of my IVA. In order for me to complete the IVA i have to pay £531 a month for the final year. £217 of this will help contribute to clearing a balance from year 4 and the reamaining £314 is my new monthly contribution to year 5 devised from my incomce expenditure review. I have been given the opportunity by a family member to offer £3200 to clear this balance early. Do you think my debtors will accept this as a final settlement. I only have 6 months left.
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