I doubt the creditor would make you Bankrupt but the IVA Supervisor might, depending on the terms. Surely FJ have ZERO say in whether or not my creditors accept my settlement offer? If my creditors decline my proposal, I thought the worst FJ could do was declare I'd failed to complete my IVA, and p...

I doubt the creditor would make you Bankrupt but the IVA Supervisor might, depending on the terms. Surely FJ have ZERO say in whether or not my creditors accept my settlement offer? If my creditors decline my proposal, I thought the worst FJ could do was declare I'd failed to complete my IVA, and p...

You are proposing on asking creditor to vary your IVA terms, this is not up to FJ - this is up to your creditors so unforgettably it does fall you to you to put your variation request together so that they can put it to the creditors for you. Just because an offer might be attractive it still doesn...

Firstly once you've had an informal chat with FJ about figures etc Next step would be to write a formal letter from yourself stating why you would like to settle early and the reasons why. I used a template from google for mine and put a lot of time into it all. Then your third party donor needs to...

Hi Cassie, Thanks for the follow up post, it sounds like we've made some progress this week, compared to where you were earlier. I am sorry if my colleague didn't explain himself very well. Your creditors will decide whether or not to accept the Full & Final offer that we put to them. We need to wo...

Having contacted Freeman Jones to get an accurate early settlement figure, I've been told I now need to contact them in writing to state my wish to settle, why I want to (Freeman Jones have themselves concluded I can no longer afford my payments due to an increase in personal medical costs), and whe...

A full and final offer ( not a 'settlement') is based on the remaining payments, not the outstanding debt. Multiply the number of remaining payments by the current repayment amount (before the break) -- add 12 if you are a home owner. Thta is the base-line figure, which you can also slightly round ...

A full and final offer ( not a 'settlement') is based on the remaining payments, not the outstanding debt. Multiply the number of remaining payments by the current repayment amount (before the break) -- add 12 if you are a home owner. Thta is the base-line figure, which you can also slightly round ...

My IVA has been on hold for a number of months due to an increase in the expenses for my medical condition, leaving me unable to make minimum payments. My payments are due to recommence next month and I've been under a great deal of stress trying to work out what to do. If I can't start paying again...