A F&F is based upon the remaining payments due, plus 12 if there is likely to be equity release. It can be rounded down a little, depending on the time left and the amount to be repaid by the IVA against the total debt --- the higher the return and time saved, the more likely the creditors will be content to lose a little more. It is a very imprecise science and I have seen high offers refused as well as low ones accepted.
I might also add that the circumstances have a bearing as well.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014 http://foggy.blogs.iva.co.uk
Unless circumstances dictate otherwise it has to be worthwhile for creditors. As foggy says a figure close to what they could expect is the starting point.
Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
