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I have been in an IVA for the last 3 years and the payments of all our other out goings have increased dramatically. We have maintained the payments on time to the IVA. However I have contacted the IVA company and they have offered a settlement figure of 22,ooo and have said that it is also negotiable. 20p per 100K Although they have taken into account the endowment policies we had. Do you think that they would take
the money from the endowments 15,000 as the settlement Can you help suggest what we could do as we are very desperate for help?

Hi allison and welcome to the forum

I would have thought that the endowment policies were already included as assets in the IVA. Could you clarify how they were treated please?

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

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http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp