Full and final offer

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Post by ian32 » Wed Oct 10, 2018 11:04 am
I will be 3 years into my IVA soon. I will owe £14,544 in the remaining 24 months. A family member has offered me 12000 to make a full and final offer to settle the IVA..Will £12000 be accepted by my creditors. I have paid approx an extra £100 a month in overtime payments on top.


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Post by Foggy » Wed Oct 10, 2018 11:10 am
It does sound like a reasonable offer, considering you will have made a few more payments before it goes through. Some creditors might hold out for more, considering your overtime payments have been so consistent. On the other side of the coin, they have already had more than they had signed up for, so might allow you some "brownie points".
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014

Lisa Thomas

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Post by Lisa Thomas » Wed Oct 10, 2018 1:34 pm
It seems like an attractive offer to me.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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