New Income & Expenditure

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Chris1970

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Post by Chris1970 » Thu Jul 15, 2010 11:20 pm
When you want to propose a F&F do you need to present a new income & expenditure report
 
 

Adam Davies

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Post by Adam Davies » Thu Jul 15, 2010 11:21 pm
Hi
Yes, you usually will have to as creditors will want to check that the full and final is the best deal on the table
Regards
Andam Davies
 
 

Chris1970

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Post by Chris1970 » Thu Jul 15, 2010 11:24 pm
My circumstance is that my wife has left me but with young children she is expecting me to still pay for the mortgage as she cannot work even though we are now separated. For the sake of my children I am prepared to do this but will the creditors except that.
 
 

MelanieGiles

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Post by MelanieGiles » Thu Jul 15, 2010 11:30 pm
Creditors will expect to see a revised I&E, so that they can determine whether your new offer is reasonable. We cannot confirm that your creditors will accept a revised offer, as we have no detailed knowledge of your case, but if it is the best offer you can make then you ought to be in a favourable position.
Regards, Melanie Giles, Insolvency Practitioner
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