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Posted: Mon Sep 08, 2014 5:51 pm
by Steve.123
Hi my brother has said he would help me pay off my Iva but not sure what offer could be reasonable . I owe £2400 any ideas , my brother said he would lend me £1500 but not sure if creditors would except it
Posted: Mon Sep 08, 2014 5:54 pm
by relieved33
I think it depends on the reason for the offer. If you have no equity and no job soon, they may accept. If you are employed with the possibility of overtime and equity, they may decide to wait.
why are you looking to make an offer?
Posted: Mon Sep 08, 2014 6:09 pm
by Steve.123
Basically me and my ex have separated a year ago but we can't move on with our life's while in an Iva. I want to keep my home for me and the kids and she is happy to sign house over to me but can't do that till Iva is completed. We also need to settle divorce as well which is why my brother is offering to help finish the Iva if poss
Posted: Mon Sep 08, 2014 6:15 pm
by Adam Davies
Hi
How much do you pay each month and how long left on your IVA ?
Regards
Posted: Mon Sep 08, 2014 6:23 pm
by Steve.123
Hi andy it's an interlocking Iva which I pay £50 and mr ex pays £50. We have 2 years left and we owe £2400. Our review is due next month
Posted: Tue Sep 09, 2014 8:44 am
by Michael Peoples
Your offer seems more than fair and I am sure creditors will look favourable at it. However I would suggest you get an up to date valuation and mortgage statement as creditors may ask for this. Check with your own IP.
Posted: Tue Sep 09, 2014 3:13 pm
by Shining
Good luck with your offer and looks like it is certainly worth having a chat to your IP about.