Reason for offering funds towards the IVA

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rachel270

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Post by rachel270 » Wed Sep 30, 2020 3:56 pm
Hi all!
My partner is offering a full and final to pay off the remainder of my contributions! Woooooo!!!! so it won't need to go to creditors as my IP has the discretion to accept the full amount.
Just curious on the form that my partner has been sent, it asks the question, "reason for offering the funds towards the IVA". Might seem silly but what does he put there... Is it a trick question?
Thanks everyone! 😊

Foggy

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Post by Foggy » Wed Sep 30, 2020 5:59 pm
Reasons generally come into play when the offer is below what the creditors would be getting if the arrangement runs to term. Otherwise, wishing to get on with your life and putting this behind you, to relieve the stress seem perfectly valid reasons
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

luluj

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Post by luluj » Thu Oct 01, 2020 2:03 am
Thats great and you are so lucky to have someone in a position to help you.
Fingers crossed it all gets agreed for you 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"

rachel270

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Post by rachel270 » Thu Oct 01, 2020 6:55 am
Thanks both!
I was thinking something along those lines but was panicking that they will read too much into the answer. He was going to write "She wishes to get on with her life" or something to that effect.
Thanks for your help...
Hopefully only another couple of weeks now and debt free!!

SteveUK

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Post by SteveUK » Sat Oct 03, 2020 3:06 pm
If they are asking his reasons can't he just say "love"?

Foggy

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Post by Foggy » Sat Oct 03, 2020 3:07 pm
Sat Oct 03, 2020 3:06 pmSteveUK wrote:
If they are asking his reasons can't he just say "love"?
You soppy apath ! :roll:
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
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