I'm confused about my offer

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Johnson66

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Post by Johnson66 » Sun Nov 07, 2021 7:21 pm
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Hi everyone,

I really want to pay off my IVA but I'm confused if the offer has to be close to the remaining amount of debt left on the iva or the originally debt that I had gotten into?

Any help guys?
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Foggy

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Post by Foggy » Sun Nov 07, 2021 8:20 pm
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IVAs are ended early by either a :

settlement -- which is paying the balance of the full original debt, plus fees and possible statutory interest.

Or, more often a:

Full and Final Offer -- which is an offer to pay the remaining IVA payments in a lump sum, usually gifted to you by a friend or relative.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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Johnson66

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Post by Johnson66 » Sun Nov 07, 2021 11:04 pm
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Thank you!

What information would my relative or friend need to provide in order to prove the money is coming from them etc...
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luluj

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Post by luluj » Mon Nov 08, 2021 3:50 am
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They would need to supply bank statements to show it us coming from a bona-fide account without evidence of any money laundering.
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"
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Foggy

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Post by Foggy » Mon Nov 08, 2021 7:44 am
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Also the IP will require ID for the donors ( money laundering regs).
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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Johnson66

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Joined: Sun Nov 07, 2021 7:15 pm
Post by Johnson66 » Mon Nov 08, 2021 10:11 am
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Thank you so much :)
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