Early Settlement?

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Lisa Thomas

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Post by Lisa Thomas » Tue Apr 21, 2015 5:01 pm
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Don't pay the lump sum over unless and until it is accepted by the creditors!
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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James83

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Post by James83 » Wed Apr 22, 2015 9:47 am
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Yeah I think I will follow both your advices and wait until the offer is accepted before I ask my mum to pay it. I don't think she would hand it over before hand anyways lol
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James83

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Post by James83 » Wed Apr 22, 2015 5:34 pm
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Does anyone know how long it would take for an offer to be accepted? I'm with cleardebt of that helps, they did say they give creditors 28 days to respond so do you think it would any longer than a couple of months?
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Foggy

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Post by Foggy » Wed Apr 22, 2015 6:19 pm
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It should take a couple of weeks to draft the variation ( some firms take a little longer) then they have to give the 28 days notice to the creditors. The usual timescale from making the offer to your IP and the meeting is 2 - 3 months.
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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James83

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Post by James83 » Thu Apr 23, 2015 3:03 pm
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Thanks foggy, I'm gonna get on this today and get everything drafted:)
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