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munl
- Posts: 14
- Joined: Tue Apr 07, 2009 8:06 pm
Hello my question is im nearly at the end of my IVA and my ip as said there may be an option to pay a full and final settlement from my redundancy to clear my debt ,An example if i had £5000 redundancy pay could my full and final settlement be less as i have no job at the moment and if i offered the full payment of £5000 i would have no living expences etc can u make a offer to creditors a lot less then you owe ? if this makes any sense !!! Any thoughts how i go about it thanks .
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luluj
Forum Expert
- Posts: 11333
- Joined: Sun Dec 09, 2007 6:54 am
- Location: United Kingdom
I would ensure your remain enough for six months living costs and then offer the balance as a full and final.
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
Look at my blog "All I wanted was a baby"
