I’m currently in an IVA and my partner has offered to help me with a full and final settlement. I have read some of the advice on here but I would really appreciate some expert advice. I’ve been in an Iva for 13 months paying £182 per month and have £8554 left to pay. Assuming it will take a few months to do the paperwork on the variation. (And 2/3 more Payment’s) What would be a reasonable amount. She has offered £6500 but I’m not sure this is close enough.
I would really appreciate any advice how F&F payments work and what is likely to be a reasonable payment to be accepted.
Thank you in advance for your time
Both creditors and IP will be saving the costs of administering the IVA and processing regular, small, dividends, over the next 4 years or so ..... so an offer of £6.5k should be looked at seriously by all parties. As you will appreciate, these things are never certain, but certainly worth a shot.
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