Search found 5 matches

Search found 5 matches Page 1 of 1
by ilx_smithy123
Wed Nov 07, 2018 10:17 am
Forum: Ask IVA Forum and Industry experts
Topic: Full and Final settlement
Replies: 7
Views: 4491
The problem with this, at least as I understand it and as you probably now know, is that in an IVA all creditors should get an equal share of what is repaid, whereas one creditor could have been 'preferred'. The fact that no money has changed hands should hopefully mean that there are no repercussi...
by ilx_smithy123
Wed Nov 07, 2018 9:47 am
Forum: Ask IVA Forum and Industry experts
Topic: Full and Final settlement
Replies: 7
Views: 4491
You should not have made the offer but, more importantly, they should not have accepted !!! This could be grounds to flush the whole arrangement down the toilet. What happens now depends on what this creditor decides to do when informed of the F&F offer. I would stick to the story that, as soon...
by ilx_smithy123
Wed Nov 07, 2018 8:55 am
Forum: Ask IVA Forum and Industry experts
Topic: Full and Final settlement
Replies: 7
Views: 4491
Hello, I’m currently in an IVA and have done for 2 years now. I was £13,000 in debt and paid off £6800 already, I had some money available and also my dads going to help me pay off the remaining debt as a full and final settlement which I already put forward. I offered £5000 to clear my IVA, but bef...
by ilx_smithy123
Wed Oct 17, 2018 6:04 pm
Forum: Ask IVA Forum and Industry experts
Topic: How can I clear my IVA?
Replies: 6
Views: 6226
Hello, I currently have £5000 Saved as I left the military and went into a new job with a big increase in monthly wages so I've been able to save more, I contacted the IVA Company and they said I can offer a final settlement fee but they haven't got back in touch with me. I know I shouldn't be savin...
by ilx_smithy123
Sun Sep 30, 2018 9:18 pm
Forum: Ask IVA Forum and Industry experts
Topic: How can I clear my IVA?
Replies: 6
Views: 6226
Hello, I started an IVA in October 2016 (2 Years) I had around £13,000 in debt and currently paid £6500 over the 2 years, I did 3 months of £202, 10 Months of £276 and currently on £312pm for the past 10 Months. I have recently been reading up about increasing my payments to £500 a month to pay off ...
Search found 5 matches Page 1 of 1