What should I look to offer?

[pj69]

[?]
I entered in to an IVA in Dec 2006. I didn't own a house, was self employed and my IVA took in to account my wife's income, but does not legally involve her.
I have since had a massive change in circumstances, got a proper paid job which pays a bonus annually (windfall), and the IP (Wilson Phillips) have allowed me to contribute to a pension. I was paying £440 per month against over 70k debt to 7 creditors, mostly Lloyds bank and card services. My payments have just gone up to £550 per month, no discussion, just a review of I & E and hey presto.
I now want to make a full and final offer by borrowing against the 30k equity in our house (bought in August 2007 so not part of any equity planfor yr 4). What % of the original IVA promise (60 x 440) should I look to offer to have a realistic chance of getting it accepted?
Thanks in advance for answers.
Paul.

[Adam Davies]

Hi
Speak with your IP but an offer of between 17-19k should be accepted.You need to return the original dividend to be sure of success so speak with your IP and ask them for a figure
As you purchased post IVA you are in a strong position,I too purchased post IVa and used the equity for a F+F
Good luck

Andy Davie
IVA.co.uk Spokesperson and Website Manager

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp