Hi everyone,

Thanks for your replies I just wanted to double check I wasn’t being unreasonable! What would be great is if anyone has anything I can use, law wise or best practice?

Hi Everyone, Thanks for all the help and advice to date, I have submitted a full and final settlement offer. I've been told by my IP (Payplan) that this process can take between 3-6 months and I'm shocked! I've sent them a letter outlying my offer and the reasons why, confirmation from my father aro...

Hi everyone, I had a frank conversation with my father today around my debt position and he has very kindly agreed to give me a lump sum to make a full and final offer. The issue is he has offered me £7000 and currently I owe £10,000 what are my chances of getting this accepted? I would be happy to ...

The lump sum will not reduce the amount owing --- you still owe the full debt, plus fees and statutory interest until the IVA has concluded. Sprout will need to work with your IP -- as they will need his approval. Also, some creditors will routinely reject an offer based on further lending ... so a...

Hi Gareth. So, assuming you don't own a property, your creditors are expecting in the region of a further £12k from you. Factoring in adminstration costs saved over the next three years (offset slightly by the variation costs) in your shoes, I would think an offer around £9 - 10k would be looked at...

Hi everyone, hope all is well. A few years ago, I lost a fairly well paying job and found it impossible to find work for a year or so. Leaving me with unsecured debt of £49,894. At the time bankruptcy wasn't right for me so I went down the IVA route starting on the 24th of June 2015 and I have now m...