Is this F&F offer likely to be accepted ?

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Susan.30

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Post by Susan.30 » Fri Feb 12, 2016 10:45 am
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I currently have 48 months into an IVA. I still owe around £5000. Is a full and final settlement of £3000 likely to be accepted?
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lifenoteasy

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Post by lifenoteasy » Fri Feb 12, 2016 10:59 am
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Yes - so long as there are no equity issues in a property and the amount is reflective of your outstanding payments.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
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Lisa Thomas

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Post by Lisa Thomas » Fri Feb 12, 2016 11:47 am
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Hi Susan - its up to the creditors at the end of the day so can't guarantee how they will vote given a lower offer.

It also depends whether your IP thought it was a reasonable offer as they will suggest whether they think creditors should accept it.

Are you 48 months down or do you have 48 months to go?
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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annearchie

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Post by annearchie » Fri Feb 12, 2016 1:17 pm
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go for it id say - I owed 8k and they accepted 5 k :)

iva completed 11th jan
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