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Posted: Wed Feb 15, 2012 10:29 am
by Rich
Full and final offer..
Posted: Wed Feb 15, 2012 11:44 am
by Foggy
Hi Rich. Don't worry about spelling ... you should see my typing !!!
Anyway .... is there a reason why your surplus has dropped from 313 to 110 ? Or, am I reading this wrong, and you have an extra 110 on top of the 313 ??
Posted: Wed Feb 15, 2012 1:35 pm
by Rich
I have now lost the child benefit `foggy
Posted: Wed Feb 15, 2012 1:40 pm
by Rich
to be honest I have had enough of this...
Posted: Wed Feb 15, 2012 1:48 pm
by Rich
also I am on a fixed rate mortgage with northern rock. I called them and they said when my fixed rate ends in april I will go on to their variable rate as they no longer offer deals for customers It seems so unfair.... I will now end up paying more....
Posted: Wed Feb 15, 2012 5:23 pm
by Rich
just had a letter from my IP. It says that if the full and final offer is not accepted they will go for Bankruptcy. I have copied and pasted below from letter
Should this meeting be rejected by creditors, the Supervisor will withdraw from the arrangement, declare the arrangement as failed AND petition for the debtor's bankruptcy.
Is this what normally happens ?
Posted: Wed Feb 15, 2012 5:49 pm
by Rich
any advice would be appreciated...
Posted: Wed Feb 15, 2012 5:56 pm
by Skippy
Sorry you're having all this worry Rich. Hopefully Mel, Michael or Andy will see this and be able to advise.
Posted: Wed Feb 15, 2012 6:04 pm
by Rich
Thanks Skippy, I was beginning to think that no one wanted to give me any advice. Im just so worried about it all. At the end of the day I know Im on my own. Just need some help in making the right decisions.
Posted: Wed Feb 15, 2012 6:10 pm
by Skippy
Unfortunately I don't know the answers but one of the experts will I'm sure.
If it did come to BR would it have any effect on your career, assets etc?
Posted: Wed Feb 15, 2012 6:23 pm
by Skippy
Right, I can see why you can't go BR. I hope you get an answer from an expert and can sort this out with your IP x
Posted: Wed Feb 15, 2012 6:33 pm
by Rich
lets hope so Skippy thanks again for your comments x
Posted: Thu Feb 16, 2012 12:35 am
by MelanieGiles
Sounds like a good offer to me given the circumstnaces you describe, but why on earth was the loss of child benefit not forseen at the outset?
Posted: Thu Feb 16, 2012 11:41 am
by Broke of London
Hi Rich,
Sounds positive from Mel!
Are you with Payplan? We have another poster on here questioning the inclusion of this clause in a variation proposal.
Would you be able to continue with the IVA if the offer was refused? Could your mum subsidise payments for example?
Posted: Thu Feb 16, 2012 11:44 am
by kallis3
He is with Payplan and hopefully Nick will pick up on the email and be able to advise both posters.