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Will my creditors accept a final offer?

Posted: Sat Nov 09, 2019 10:25 pm
by fishface
Hi. I am 5 years and 4 months into my IVA with only 8 more payments of £85 per month to go with a total of £673 in that time. I want to end my IVA even sooner. My mother has said she will give me £1500 to make a final offer to my creditors to finish it now. I want to ask my supervisor to contact them. Do you think my creditors will accept this offer?
Thanks

Frank

Re: <t>Will my creditors accept a final offer?</t>

Posted: Sat Nov 09, 2019 10:53 pm
by kallis3
To be honest, by the time you send off a full and final, your IVA will have been finished anyway. I would not bother.

Re: <t>Will my creditors accept a final offer?</t>

Posted: Sun Nov 10, 2019 10:15 am
by Foggy
It takes around three months to arrange a F&F and will gain you nothing as well as costing you more. Why the need to save 4 or 5 months ?