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More help needed ref IVA - Please!!!!
Hi All
First of all thanks to everyone for their advice regarding my previous posts.:beer:
Since last posting i may have a very kind offer of a lump sum coming my way...... i need to know the following.......
Would my creditors be likely to agree to a Full and Final/One of IVA in the following situation or am i just wasting my time in making such an offer? i have had a telephone interview with an IP regarding doing a regular IVA and i cant help thinking we would struggle after a few years with the repayments they are suggesting so i thought this may be a better solution.
Thanks again
First of all thanks to everyone for their advice regarding my previous posts.:beer:
Since last posting i may have a very kind offer of a lump sum coming my way...... i need to know the following.......
Would my creditors be likely to agree to a Full and Final/One of IVA in the following situation or am i just wasting my time in making such an offer? i have had a telephone interview with an IP regarding doing a regular IVA and i cant help thinking we would struggle after a few years with the repayments they are suggesting so i thought this may be a better solution.
- My total debts are £90 000
- The equity in my home is probably £0 if not negative at present
- I have no other high value assets
- I would have £35 000 to offer as a "One Off IVA or Full and final settlement" to my creditors.
Thanks again
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