Full and Final Offer Advice

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ASJ

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Post by ASJ » Wed Feb 04, 2015 12:51 pm
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Hi

I've been in my IVA for 15 months, my Dad has decided he would like to make a third party offer of full and final settlement.

I have made 15 payments to date of £3400
i have 45 payments left at £257 a month.

total debt was £16500.

My dad was thinking of a figure around £9000 as full and final, is this likely to be accepted??

regards

ASJ
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Michael Peoples

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Post by Michael Peoples » Wed Feb 04, 2015 1:15 pm
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It is tight if you can still maintain the current payments but creditors may accept. If there has been a change of circumstances and your surplus has decreased it would be more likely to be accepted.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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