Variation report received for F&F settlement

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L82

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Joined: Sat Jan 20, 2018 10:19 am

Post by L82 » Wed Feb 14, 2018 2:31 pm
What does this mean?

They have the original proposal next to the proposed revised estimate. Original says estimated dividend 17.40p in £ and proposal says 18.97p in £ so does this mean they are getting a better offer than my original Iva terms? My creditors meeting is on the 21st of March and I’m so on edge. I really hope they will accept it they will be getting £60 more from my F&F than if I keep up my original proposal and pay monthly.

Foggy

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Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Wed Feb 14, 2018 2:35 pm
L82 wrote:
What does this mean?

They have the original proposal next to the proposed revised estimate. Original says estimated dividend 17.40p in £ and proposal says 18.97p in £ so does this mean they are getting a better offer than my original Iva terms? My creditors meeting is on the 21st of March and I’m so on edge. I really hope they will accept it they will be getting £60 more from my F&F than if I keep up my original proposal and pay monthly.
Yes they are getting slightly more than they originally signed up for -- which is often te case if there has been any overtime paid in or a PPI claim. Looks promising.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014

L82

Posts: 9
Joined: Sat Jan 20, 2018 10:19 am

Post by L82 » Wed Feb 14, 2018 2:44 pm
Thank you. This forum has kept me sane so far

Foggy

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Posts: 33395
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Wed Feb 14, 2018 2:45 pm
L82 wrote:
Thank you. This forum has kept me sane so far

You are welcome -- it has quite the opposite effect on me !! :shock: :D
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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