paying off iva early

[wobbles13]

so let me get this straight in my head, if i owe 27k and by beginning of Oct i will have paid back£7k - leaving £20k. The offer i have had is £16k from my relative, is that a reasonable offer that has a chance of being accepted.

[MelanieGiles]

You will have to ask your own IP that question, as I have insufficient information about your case to be able to advise on the forum. But could you confirm whether the £27k represents your total creditors or the amount of contributions you have left to pay.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[wobbles13]

27k is the total amount that i owed to my creditors.

[MelanieGiles]

Then £16k does appear to be a reasonable offer of settlement - but only your IP can give real guidance on this.

Do let us know how you get on!

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[wobbles13]

ok i will do - fingers crossed.