What should I offer?

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Rhbjones

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Post by Rhbjones » Mon Nov 09, 2009 4:00 pm
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Hello all

I have 18 months left in my IVA paying 308 a month, My Mother could possibly lend me some money to pay this back at the beginning of next year, Do you think £4500 is enough?

I have £5544 left to pay, Do you think my offer is high enough?

Thanks

Rich
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kallis3

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Post by kallis3 » Mon Nov 09, 2009 4:02 pm
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Hi,

You can but try. You must make sure that the creditors know that the money is only available for a full and final is not available otherwise.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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MRBLUESKY

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Post by MRBLUESKY » Fri Nov 13, 2009 3:54 pm
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if you owe 5.5thou now by next year that will be down to aprox 4.5 thou that means you will fulfill your original divi to creditors,seems very good to me.let us no how you get on.
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Skippy

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Post by Skippy » Fri Nov 13, 2009 5:37 pm
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Have a word with your IP and they will be able to advise what would be acceptable to your creditors. Good luck x
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musicmadmac

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Post by musicmadmac » Fri Nov 13, 2009 7:41 pm
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I had £4,500 left and went in with a £2,000 offer. It was accepted due to my circumstances, being only available for a F&F and the funds being supplied by a 3rd party.
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MelanieGiles

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Post by MelanieGiles » Fri Nov 13, 2009 10:59 pm
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I think the suggested offer is a good one, and I would be prepared to put that forward if I were acting as your IP.
Regards, Melanie Giles, Insolvency Practitioner
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