What is a Full & Final IVA Settlement?

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by jemma » Mon Feb 26, 2018 11:56 am
What is a full and final settlement? I am entering my third year of my IVA and pay £145 per month with approx 26 months left. Any idea what offers are acceptable? Thanks.
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by Foggy » Mon Feb 26, 2018 1:04 pm
A F&F is a lump sum to close the IVA early based on what is left to pay --- in your case £145 x 26 = 3770 (assuming you are not a homeowner - in which case you need to add 12 payments). You might get an offer in £3,000 - £3,500 accepted. But, obviously, the better the offer the more chances of it being accepted.
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Lisa Thomas
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by Lisa Thomas » Tue Feb 27, 2018 9:14 am
Here is my quick video explaining it.

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