IVA Failed, now want to offer a FAF maybe?

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engsnayl

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Post by engsnayl » Tue Aug 24, 2010 10:17 am
My VA failed a couple of years ago, it was approved at the time with a Div return of 20p/£

I've settled a good chunk myself with the creditors that came back to me once the arrangelent failed however most of the remaining debt has now been passed to or bought by Max Recoveries.

Basically I owe about £20k to Max in respect to 4 accounts that have been passed their way.

Under the VA that was agreed they would have received 20p/£ which to my working out comes back to about £4000.

I have about £3000 coming to me next month (a windfall you might call it) and I was wondering what the chances are that Max might accept that as a FAF on that £20k?

Anybody have any expeience in dealing with them, or could offer any advice?

Thanks
 
 

Shining

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Post by Shining » Tue Aug 24, 2010 5:59 pm
Hi and welcome to the forum, unfortunately, I can't answer your post but will keep this bumped up for a professional opinion. x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
 
 

engsnayl

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Post by engsnayl » Wed Aug 25, 2010 9:06 am
Thanks Lesley. Yeah just basically wondering if anybody has any experience in dealing with Max Recoveries when it comes to this sort of thing.

I seem to remember reading somewhere that they buy a lot of debt cheaply as a result of people entering IVA's so may be more open to a settlement.
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