We would like to pay off our IVA with a full and final payment

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Myrose

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Post by Myrose » Wed Jul 04, 2012 9:14 pm
We would like to pay off our iva with a full and final payment, as a friend has offered us some money, what information do they need from our friend in reguards to this money, and what are the chances this will be excepted as last time we tried with our bonus they rejected it.
 
 

Broke of London

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Post by Broke of London » Wed Jul 04, 2012 9:24 pm
Hi,

I imagine your bonus offer was rejected because creditors are already entitled to some or all of itdepending on the wording of your proposal.

Third party funds are a different matter. I imagine your IP would need confirmation of the funds from your friend and possibly info to do a few checks - have a chat to your IP and they will advise.

x
 
 

MelanieGiles

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Post by MelanieGiles » Wed Jul 04, 2012 9:31 pm
Your IP will merely need to know that your friends are willing to provide you with the money, and that it is readily availbale. A third party offer is much more appealing than an offer based on something they were entitled to in the first place.
Regards, Melanie Giles, Insolvency Practitioner
 
 

KM1512

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Post by KM1512 » Wed Jul 04, 2012 10:52 pm
Myrose good luck with your full and final payment offer I hope they accept the offer this time around
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