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IVA - Minimum "buy out" offer ???
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I think you can offer what you like - it has been agreed by a court how much you will pay back under the IVA agreement - I may be wrong but I think it would have to go back to court for the agreement to be changed and if the creditors saw that you could afford to pay more they would (quite rightly IMO) expect more0
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Knightsy_2000 wrote:So.... what percentage should I be offering anyone ? (100% is not an option by the way)
Your already in an IVA - your not paying 100%.
Why not just go the whole way and ask someone else to pay it FOR YOUNo Longer works for MBNA as of August 2010 - redundancy money will be nice though.
Proud to be a Friend of Niddy.
no idea what my nerdnumber is - i am now officially nerd 229, no idea on my debt free date0 -
nope... not the case... the legal agreement is needed to set it up... not to modify it... thats down to the creditors. Im sure I could offer anything... I just wanna make sure I offer just enough for it to be acceptable !0
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someone else to pay.... hmmmm..... good idea..... any offers ???? If what im doing is so morally wrong, your more than welcome to take my 49k of debt on for me... you'd be keeping some fat cat happy im sure !0
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Just take some from an old granny at the cashpoint!
What's the point of her having money when you could have it.
Won't matter one iota when you're dead!
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GE, HBOS, old granny... cant quite see how you have made the comparison myself.0
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When you would normally offer a full and final IVA in settlement of your debts they would expect a return of around 40%. Whether they would still accept this after you have already had a massive cut in your debt to start with is debatable. You can but try, I suppose.
I tend to think that they would want the full amount of the reduction included. Also, the IP fees would have to be considered, since those would still have to be paid.
Your best bet would be to go bankrupt. So short a time into an IVA and not wanting to pay anything back, why didn't you do this in the first place?0 -
because I have a mortgage, and a car, and a whole load of assets !0
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So.... what percentage should I be offering anyone ? (100% is not an option by the way)[/QUOTE]
How about 100% and the other 75% of your debt that has been written off.:rolleyes: How come you can now afford to pay thousands off your debt now anyhow?Debtfree JUNE 2008 - Thank you MSE:T0 -
The Creditors would want at least 40% of the original total of the debt as a full and final settlement. That is if they allow it at all.0
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