Hi guys, been reading many old posts today and they've been very helpful.
My mum is the one with the IVA. Ive nothing to do with it on paper, she just confides in me with her finances because, well, I'm her son.
I have a question about a final settlement figure. Shes been paying for 1 year so far. The total sum was about £28k, it was arranged she'd pay over 5 years which would work out at about £13500 in total. I think £1500 has been paid for the first year. Shes crap with money and even borrows off me for a week or two at a time.
£9k would be available as a final settlement figure. She has phoned recently but they have given her a date of next month before they can call her back to arrange a discussion. Obviously its up to speaking with her supervisor, and getting a figure from them first to see how realistic it is, but thats exactly it, I'm wondering how realistic that figure is going to be based on the figures above. Any help or knowledge appreciated.