Probability of settlement being accepted?

Get expert opinion. This is the place for new questions to be posted.
9 posts Page 1 of 1

colin250

User avatar
Posts: 4
Joined: Wed May 26, 2021 5:59 pm

Post by colin250 » Wed May 26, 2021 5:59 pm
What is the probability my full and final settlement offer will be accepted at the creditors meeting on 23rd june.

I have 21 payments left of 179 per month and have offered the full amount of 3759.

Thanks

Foggy

User avatar
Forum Expert
Posts: 33038
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Wed May 26, 2021 6:10 pm
Creditors are getting what they signed up for. They are getting it early and they are saving on time and admin costs. It is impossible to predict. I have seen low offers accepted as well as a few high offers rejected. But this is a very good offer and has every chance.
Best of luck -- do let us know how you get on.
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

colin250

User avatar
Posts: 4
Joined: Wed May 26, 2021 5:59 pm

Post by colin250 » Wed May 26, 2021 6:49 pm
Many thanks for the reply, i will let you know after i hear. Meeting on june 23 so still 4 weeks off yet. Just want out of it now and luckily my dad is stumping up the money.

kallis3

User avatar
Forum Expert
Posts: 76913
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Wed May 26, 2021 9:52 pm
Good luck - let us know what happens.
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

colin250

User avatar
Posts: 4
Joined: Wed May 26, 2021 5:59 pm

Post by colin250 » Wed Jun 23, 2021 1:08 pm
Thought i would update you.

My settlement was accepted today so i can now get it closed down.

Quick question..

My dad has transferred the funds to my account, am i ok to pay it from there or does it have to come from his bank. CF did not mention this when i have just called to find out the result.

Thanks

Foggy

User avatar
Forum Expert
Posts: 33038
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Wed Jun 23, 2021 1:31 pm
Well done and congratulations.

Normally we advise that the money should come direct from the donors account, but I assume that CF have checked it and are happy it is their money, not yours. It should be OK coming straight from your account at this stage.
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

kallis3

User avatar
Forum Expert
Posts: 76913
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Wed Jun 23, 2021 1:37 pm
Excellent news! Well done.
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

colin250

User avatar
Posts: 4
Joined: Wed May 26, 2021 5:59 pm

Post by colin250 » Wed Jun 23, 2021 2:10 pm
Thanks for the info i will get it paid straight away.

Massive weight off my shoulders just so pleased it went ok.

Thanks again

luluj

User avatar
Forum Expert
Posts: 11208
Joined: Sun Dec 09, 2007 6:54 am
Location: United Kingdom

Post by luluj » Fri Jun 25, 2021 6:49 pm
Great news Colin250 ... enjoy your weekend x
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"
9 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”