Ending an IVA

[johnmc]

I am half way through my 5 year IVA. I am finding the going tough but have kept up all repayments thus far. A close friend who has come into money has offered to stump up the cash to settle if I can reach an agreement with my creditors. How is this viewed. My friend will obviously not provide the cash unless it means the end of my IVA.

My original debts for unsecured loans and credit cards came to around £20k. They also included a student loan of £4k but the payments have continued to be taken from my wages despite numerous notifications to my IP. So is this now not included in the debt? I currently pay £365 a month. Would an offer of £8k be suitable to finish early. I think my agreement was 51p in the pound.

Any guidance is appreciated

[MelanieGiles]

Already answered this on your earlier post!

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk