www.iva.co.uk

can anyone tell me what percentage of debts would be accepted as a full and final?

Hi Sandee. It depends upon the circumstances, but the starting point is generally the number of payments you have left x the monthly payment.

As Foggy says, anything is possible Sandee based on individual facts. And in my experience creditors very rarely reject a variation of terms, so lomg as the facts are well presented and supported by the IP acting.

Hi Mel I am just wondering whether a F & F is based on the number of months you have left x the payment excluding equity release or does this inlcude a sixth year ? I realise individual circumstances will be different in each case but as a general rule ?

That will really depend on whether you have equity in the property now or not seagulls. Best to get specific advice directly from your own IP as they have detailed knowledge of your case.

Thank you Melanie . I do have equity in the property but very doubtful if I could re-mortgage due to IVA and age !
Could possibly look at f&f if I were to retire early and use pension funds and then look for another job ...
but probably wiser to stick with job and IVA !