To settle a debt of £22759, using your original figure, would take in the region of £28k plus statutory interest of around £7k, so £35k less the payments to date (your estimate of £14.5k) ... leaving a further £20.5k to shell out. So they don't seem to be that far adrift.
I would also get a detailed breakdown of the settlement figure they have come up with, so see exactly where you might be adrift and, if statutory interest has been factored in, make sure the proposal didn't exclude it from the start (mine did).
Regarding your offer - I would offer £5/5.5k - although again creditors may expect nearer the actual knowing your husband is funding through his redundancy payment.
As luluj says, they are unlikely to negotiate the settlement figure on your husbands IVA, knowing that the redundancy payment is coming to fund it (which, is theirs anyway).
Who is onlineUsers browsing this forum: Bing [Bot], Lisa Thomas and 26 guests
Ask the IVA Experts a QuestionSimply complete form and you will get an answer from our IVA Experts (multiple replies within an hour *)
* Any use of this forum is conditional on you having read and agreed to our terms and conditions.
* If you enter your phone number, Vincent Bond and Co Ltd will give you a courtesy call to ensure that your question has been answered.
* The question will be posted on our forum, we will email you the location