IP is advising to make an offer above £8,200 for F&F offer

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altaf
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by altaf » Thu Feb 01, 2018 4:52 am
Hello

I am currently in process of offering a full and final settlement of my Debts to my creditors amounting to nearly £30,000 with asset of equity that I have as per being a Homeowner (but I do also have arrears on my Mortgage too), however my IVA Supervisor is advising to make an offer above £8,200 in order to put forward to my Creditors as they feel with the excess equity in my home they do not want my offer to be refused I just wanted to confirm if this sounded a reasonable amount as per the equity I have in my home and Debts totalling the £30,000 mark??!!

Please advise as soon as possible.

Kind Regards

Altaf
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Foggy
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by Foggy » Thu Feb 01, 2018 8:08 am
We need to know how many payments you have left and your monthly payment to work it out. You will have to add on 12 payments for equity.
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