Settlement figure

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fiona.jc

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Post by fiona.jc » Wed Apr 30, 2008 12:17 pm
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If I want to settle my arrangement early how much (roughly) would I have to pay back? Would it be the remainder of the total amount I would pay from my IVA arrangement or will it be the reainder of the total amount that I owed?
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rayb

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Post by rayb » Wed Apr 30, 2008 12:32 pm
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Hi,

Can you post all your IVA details, amounts etc so that we can advise you better
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fiona.jc

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Post by fiona.jc » Thu May 01, 2008 8:13 pm
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My total debt was about £44,000 and I have paid £300 per month since June 2006. The total amount I will pay back at the end of the term is £18,000.
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MelanieGiles

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Post by MelanieGiles » Thu May 01, 2008 10:19 pm
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You should get your IP to provide you with a settlement figure based upon achieving the original dividend you pledged at the outset of the IVA.
Regards, Melanie Giles, Insolvency Practitioner
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