www.iva.co.uk

My first post, so I hope I'm giving you all the neccessary information.

Have been in a IVA since December 2008, myself and my wife. Total debt £53,743. Accepted dividend 29.88p in the £.

My parents have a policy maturing in September and have offered to give us £15,000 to make a F&F settelment (£5k a gift and £10k a loan).

In September we will have 38 payments left (£18151).

Is this likely to be a sufficient offer?

Hi Dicanio3 and welcome to the forum.

It sounds like it should be a reasonable offer but only your own IP can advise you on that as they will have full knowledge of your case, and only then is it finally the creditors' decision as to whether they accept it or not.

Definitely sounds worth speaking to your IP about asap.

Best wishes and hope you get the outcome you want.

Regards,

Hi
Sounds a very good offer
Regards

Hi, its a good offer but do make sure you state that the money will ONLY be available to you if the offer is accepted.

If you continue to make payments until the creditors meeting it will be even better - because you will not have so much of gap between what you promised to pay and what you are offering.

All the best with your F&F offer x