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Posted: Mon Dec 21, 2009 9:03 pm
by tele2002
Hi all, I'm looking for some feedback on full & final figures that have been accepted, just curious if in the future I could get my hands on some money then how much would I need to get accepted as an offer.
Posted: Mon Dec 21, 2009 9:04 pm
by MelanieGiles
What dividend were you offering? A general steer would be something in the region of the monies you originally pledged into the IVA.
Posted: Mon Dec 21, 2009 9:16 pm
by tele2002
The offer was 39p/£ so would the offer be minus payments already made?
Posted: Mon Dec 21, 2009 9:30 pm
by MelanieGiles
Yes that would be correct. How much are you paying into your IVA on a monthly basis?
Posted: Mon Dec 21, 2009 9:39 pm
by tele2002
£541 with a increase in year 4 to £763 after car finance is finish then there is a equity release but there is no equity unless house pricess take a rocket in the next 4 years.
What if you made an offer that was lower than what they would receive from IVA? For instance with the large amount of unemployment going on would they be likely to accept the offer rather than going bankrupt.
Oh and thanks for responding useful information.... not that I am in for any money but do like to know where I would stand...
Posted: Mon Dec 21, 2009 9:57 pm
by MelanieGiles
I doubt that you could offer a lower offer on the basis that you might lose your job - and as this is not an option for you at present I would concentrate on ticking off each one of your payments on the basis that the sooner you finish the better.
Posted: Mon Dec 21, 2009 10:06 pm
by tele2002
Great thanks Mel I know what the options are now.