He has 13 payments remaining, 12 x £506.76 and 1 x £451.31. Total of £6532.43. We would like to make an offer of £5000 to end the IVA early. do you think that this would be acceptable? Thank you.
Incidentally, on a debt of around £22k, to make full payment in the IVA you would be looking at paying in something of the order of £35750.
Make sure the offer includes terms to deduct any contributions paid over in the meantime whilst a decisions made by the creditors.
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