With 10 months left the creditors are expecting a further £1020 from you. It takes a few months to sort out a F&F offer, so they are not going to gain much in time or make any admin savings. You are also going to add around £300 to the fees for a meeting. I would think they would be looking to get the whole amount outstanding.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Personally speaking I would not bother with only 10 months left. It will take a couple of months to set up and then be approved and your credit record will still be shot until your year anniversary.
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
