I have put in an offer of £7000 to end my IVA (F&F).
There are currently 31 payments left of £314 = £9734.
However I have reviewed my I&E with my IP and my petrol allowance has increased by £50 a month due to me no longer working from home.
Therefore at the variation meeting the offers for the creditors will be to accept the £7000 F&F, or for me to reduce my payments to £264 for 31 months (£8184).
In light of the possible reduction it is a fair offer and has every chance.
Best of luck.
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
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.
Bob Marley. http://kallis3.blogs.iva.co.uk