Hi all - I often read the forum but rarely post. sorry! However, I would like to ask a question about a full and final offer. The charity I work for has been hit quite hard by the cuts to local authorities and it is increasingly likely that redundancy proceedings will start against me shortly. I am looking for other work obviously, but there seems to be a lot more people applying for fewer jobs! I have approximately 18 months left of my IVA (which I am up to date with) which is £12,762.00 My property is worth about £132,000, with a mortgage outstanding of £128,000.
A family member has offered me £12,000 to put forward as a full and final offer. Does this seem realistic? Also, will the creditors contact my employer to confirm redundancy (btw - as I have been there less than 2 years I am not entitled to any redundancy pay)? I can provide the letters if it comes to this, but would rather not have anyone at work know about the IVA.
Personally speaking, I think that sounds like a good offer. I don't think the creditors will contact your employers at all.
Speak to your IP and see what they say.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
