www.iva.co.uk

I would like to know what is the minimum of the £ pence in pound the creditors will accept as a lump sum? any ideas?

Hi,

You would normally need to offer as close to the original dividend as possible.

Hi,
Thank you for your reply. they have offered (IP) 29.13 pence instead of 35 pence in a pound. Does that sound like its likely to be accepted? I believe that after 5 years paying into my IVA the IVA company holds all the monies until the completion? so all they are doing is offering a lump sum now? If Im not mistaken..

It depends on your proposal. My IP distributes dividends on a quarterly basis so wouldnt ever hold very much money on my behalf.

Unless you are contributing additional monies for the F&F, they would be offering funds paid to date.

I don't know whether it will be accepted; good luck!

So long as you are making the best offer you can Yani, there should be no reason why creditors would not accept.