We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
IVA F+F Payment
Options
Rodders007
Posts: 5 Forumite
in IVA & DRO
Hi i am in a 6 year IVA and am struggling already after only 4 months due to my partner being on long term sick and might not be able to return to work. I owe approx 44k and should be paying back approx 24k over 6 years. I am trying to raise 3rd party funds from a family member to do a f+f payment. I have been reading on here to offer between a third and half of what you owe. I think the most I can raise is £8 to £10k which is a long way off the 44k which I owe. Does anyone Know what chance i have of such a low offer being accepted ? The alternative may well have to be banckrupcy where no-one would get anything.Most of the dept is with Northern Rock.
Thanks in advance for any advice.
Thanks in advance for any advice.
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.7K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards