Full and final offer

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Pigger479

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Post by Pigger479 » Thu Jan 14, 2021 9:30 pm
Hi I’m writing this on behalf on my partner. Her mum has offered to get a loan to pay off the remaining balance of her IVA . Is her other allowed to do this ? Could she wait for the result of the meeting then get the loan or do the funds need to be sat in the bank waiting?

kallis3

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Post by kallis3 » Thu Jan 14, 2021 10:02 pm
The funds do need to be in place and she will need to tell the company that the money is only available for a full and final and will be withdrawn if the offer is not accepted.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
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Shaun Vickery

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Post by Shaun Vickery » Fri Jan 15, 2021 5:12 pm
There's nothing preventing this happening and plenty of people have done it....just make sure you have all your ducks in a row as Kallis mentions.
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Pigger479

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Joined: Tue May 16, 2017 5:07 pm

Post by Pigger479 » Fri Jan 15, 2021 5:49 pm
Thanks for getting back to me guys . Money has been secured . Let’s hope Covid doesn’t hold up the arranging of meeting of creditors 🤞🏻I know how happy I was to the see the back of my IVA ! Out of interest we are offering 10k and she has just under 3 years left @£278 a month .. that’s a got a good chance hasn’t it ?

Foggy

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Post by Foggy » Fri Jan 15, 2021 7:39 pm
Fri Jan 15, 2021 5:49 pmPigger479 wrote:
Thanks for getting back to me guys . Money has been secured . Let’s hope Covid doesn’t hold up the arranging of meeting of creditors 🤞🏻I know how happy I was to the see the back of my IVA ! Out of interest we are offering 10k and she has just under 3 years left @£278 a month .. that’s a got a good chance hasn’t it ?
They are getting what they signed up for, so it has every chance. Although, there is always that caveat that you cannot guarantee which way the coin will fall until the day.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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