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Posted: Wed Jan 05, 2011 10:35 pm
by casper90
full and final settlement accepted!
at thevariation meeting today, my full and final offer of £12,000 plus 3 payments totalling £1350 was accepted, what is the procedure now ? i assume ill receive a copy of meeting minutes and information on how to make payment?
Posted: Wed Jan 05, 2011 10:42 pm
by nepensioner
Hi Casper
congratulations, what a brilliant start to the New year Debt free at last. I am sure your IP will tell you very soon what happens next
Posted: Wed Jan 05, 2011 10:43 pm
by kallis3
Congratulations Casper. I'm sure you'll be told fairly soon as to when to make the payment.
Posted: Wed Jan 05, 2011 11:01 pm
by anomalous1
well done. How muh was owing and how long
Posted: Thu Jan 06, 2011 2:18 am
by MelanieGiles
You should receive a copy of the closure report and your Certificate of Due Completion over the next few days.
Posted: Thu Jan 06, 2011 8:41 am
by luluj
When mine was accepted I had to pay the funds into the IVA account - only once the funds were received could I then stop my monthly payments - so please check this out.
Well done - it is a relief and you do feel totally refreshed by it when you come back down to earth.
Enjoy your debt free life !
Posted: Thu Jan 06, 2011 8:45 am
by Skippy
Congratulations Casper!
Posted: Thu Jan 06, 2011 11:34 am
by MRBLUESKY
congratulations well done.
Posted: Thu Jan 06, 2011 11:42 am
by andrea1968
thats got to be the best new year pressie ever!!!well done you!!!
Posted: Thu Jan 06, 2011 4:40 pm
by casper90
the original debt was £128,000 i will have repaid £33,000 including the £12,000 full and final offer, house equity was removed as unable to remorgage
Posted: Thu Jan 06, 2011 4:50 pm
by Gaccream
well done - I am in the same boat with offering a full and final - meeting 2morrow, but I think I know the outcome and will be discussing with my IP. Well done to you though
Posted: Thu Jan 06, 2011 5:08 pm
by andrewgoodman121
If you owed £128000 and can't remortgage and pay back £33000 that is a £95000 debt write off.
Is it me or am i dreaming!![:0]
Posted: Thu Jan 06, 2011 5:25 pm
by casper90
no your not dreaming! original amount i had to pay back including remorgage to release equity was £62,000 but couldnt remorgage so equity taken out and extra years payments would have been another £6,000 making £36,000 to pay back, id repaid £21,500 to date £14,500 outstanding with extra year and offered £12,000 as full and final which was accepted
Posted: Thu Jan 06, 2011 5:33 pm
by kallis3
It was an excellent result casper.
Posted: Tue Jan 11, 2011 11:17 am
by casper90
just had chairmans repurt through, max recovery with 88.5% voted in favour, nat west with 11.5% of debt voted against