Would creditors accept a F&F?

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Post by christine » Tue Jan 12, 2021 2:57 pm
My husbands IVA has been taken over by Jarvis insolvancy from Aperture.
I'm just trying to complete his fifth year review.
I'm finding it very difficult due to his being furloughed for 6 months. Plus I have had to take time off to look after my 91 yr old mother and had time off for surgery too.
We had applied for a sprout lone to pay off the balance a couple of years ago, which was turned down by his creditors.
He pays £100 a month.
I'm just so stressed with the whole process.
How good is Jarvis insolvency?
Ideally I would like to offer a f&f for the last year but wonder if creditors would accept after they refused last time.
Could I offer 12 x £100 = £1200?
Having refused last time would an offer be declined again?


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Post by Foggy » Tue Jan 12, 2021 3:46 pm
They might go for it if you are not borrowing the lump sum --- the reason some creditors do not like Sprout loans is because it is using credit to pay them off, which kind of defeats the object.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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