Posted: Fri Feb 12, 2016 10:45 am
I currently have 48 months into an IVA. I still owe around £5000. Is a full and final settlement of £3000 likely to be accepted?
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Posted: Fri Feb 12, 2016 10:59 am
Yes - so long as there are no equity issues in a property and the amount is reflective of your outstanding payments.
Posted: Fri Feb 12, 2016 11:47 am
Hi Susan - its up to the creditors at the end of the day so can't guarantee how they will vote given a lower offer.
It also depends whether your IP thought it was a reasonable offer as they will suggest whether they think creditors should accept it.
Are you 48 months down or do you have 48 months to go?
It also depends whether your IP thought it was a reasonable offer as they will suggest whether they think creditors should accept it.
Are you 48 months down or do you have 48 months to go?
Posted: Fri Feb 12, 2016 1:17 pm
go for it id say - I owed 8k and they accepted 5 k 
iva completed 11th jan
iva completed 11th jan