Hi, I am on debt 40,000, i want to pay one-off payment as I got some money from my parents(18,000),I have two creditors, one I own 30,000, the other 11,000, how should I propose the payment , is there any likely they will accept
On a £40k debt pro-rata offers would be in the region of £4500 for the smaller debt and £13500 for the larger debt. On the face of it they would be getting more than they would if you entered an IVA and not incurring the associated costs.
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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