What was your total debt? That will have a bearing on things.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
It will all depend upon how much you can offer and whether or not you have an equity release clause.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Best bet would be to speak with your IP. They will have a good idea on what creditors would likley accept as they know minimum dividend requirements, reduction of fees for shorter IVAs etc.
Put a call into them, and they should prepare an estimated outcome statement for you showing anticipated dividends for various full and final offers.
Kind regards,
RJC Financial Management
Accountants and Insolvency Practitioners with over 18 years experience.
Where would you be getting the money from for a full and final?
If it is a relative then you need to make sure that the creditors know the money is only available for a full and final.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
