Was hoping you could give me some advice on my offer letter, if anything should be added/removed etc etc.
Further to our conversation I would like to formally offer a lump sum payment of £XXXX as a full & final offer to conclude my IVA.
I will continue to make my monthly payment as usual but any payments after 02/05/2017 will be deducted from the £XXXX.
The funds for this offer are coming from my Mother on the understanding they will not be available towards the IVA or my creditors should the offer not be accepted, They are to be used as a full & final offer only.
I have always managed my IVA well but have been finding it more of a struggle financially with each year that passes.
Would you please call a variation meeting and put this offer to my creditors.
'Once you make a full and final offer to your creditors, the first thing to do is to stop paying your monthly income contribution into the IVA. We have to wait for a period of 28 days so as to allow your creditors, to vote to accept or reject your offer. If they accept the offer, then the IVA will be closed. And if they reject, then you will have to continue paying your monthly income contribution.'
I really do not want to stop paying into my IVA as I imagine that could fail it, should I insist on continuing to make payments whilst the offer is being looked at?
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