As for a full and final offer, this is a game of sorts .... you make your best offer --- the higher the better. I have seen low offers accepted as well as high ones refused ----- it is impossible to tell. Usually you offer an amount based on remaining payments, which you can round down slightly to reflect potential savings in administration costs.
If yours is a 5 year IVA and you rent, so have no equity to address, your creditors would be looking at getting back in the region of £150 x 57 = £8550. In your shoes I would be looking at an offer of around £7,000 - £7,500.
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