Probability of settlement being accepted?

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colin250

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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

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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

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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

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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.
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