F&F Settlement Figure

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irish_ram

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Post by irish_ram » Tue Dec 16, 2008 1:14 am
Hi Everyone,

I am currently about to make an F&F settlement tommorow but am wondering something. I will have a gift from my GF to pay it off but I am wondering how much to offer upfront. I will have definate 6K, and with some other funds should come to bout
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MelanieGiles

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Post by MelanieGiles » Tue Dec 16, 2008 8:30 am
Hasn't this already been the subject of a lengthy post earlier this/last week?
Regards, Melanie Giles, Insolvency Practitioner
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irish_ram

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Post by irish_ram » Tue Dec 16, 2008 9:48 am
Sorry melanie, it was, but found out yesterday that her car will only get 6K and she as also making it up with abonus which we found out is less now, so it is likely going to be 8K but a chance it could be only 7K, so I was wondering I may offer the 7K which I can get for definate but if thats too low, dont want it to affect it and they then dont end up accepting 8K when its offered as I have an option of borrowing the extra 1K off a family member
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MelanieGiles

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Post by MelanieGiles » Tue Dec 16, 2008 10:39 am
You can offer whatever figure you like - but of course there is no guarantee of acceptance. Please discuss this directly with your IP who is better placed than me to answer specific questions about your case.
Regards, Melanie Giles, Insolvency Practitioner
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David Mond

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Post by David Mond » Tue Dec 16, 2008 12:37 pm
Need to know what your original proposal offered and what the dividend would be now with the approx £7k
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
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irish_ram

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Post by irish_ram » Tue Dec 16, 2008 1:11 pm
Please Ignore this post as have updated my original post, apologies to people who have replied on here but information was very useful

Original Topic

http://www.iva.co.uk/forum/topic.asp?TOPIC_ID=17707
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