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diggindeeper
Starting Member
5 Posts |
 Posted - 19 April 2011 : 20:43:29
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| IPA Settlement - Hi all, can anyone give me an opinion. I was discharged Dec 2010 and have 23 months left on my IPA at £757 a month, £17411 in total. My parents are considering helping me out, if they were to offer the OR £10000 as full and final settlement do you think it would be accepted? Or indeed do you think they wouldn't need to offer that much? There's a light at the end of the tunnel all of a sudden and I would love to get there, any advise greatly appreciated. |
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debtinfo
forum expert
2826 Posts |
Posted - 19 April 2011 : 20:45:49
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| i dont think they would accept it, why would they? |
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Essie
Junior Member
United Kingdom
115 Posts |
Posted - 19 April 2011 : 21:37:50
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quote:
Originally posted by diggindeeper
IPA Settlement - Hi all, can anyone give me an opinion. I was discharged Dec 2010 and have 23 months left on my IPA at £757 a month, £17411 in total. My parents are considering helping me out, if they were to offer the OR £10000 as full and final settlement do you think it would be accepted? Or indeed do you think they wouldn't need to offer that much? There's a light at the end of the tunnel all of a sudden and I would love to get there, any advise greatly appreciated.
That's a huge amount to pay. Ouch :(
I'm sorry I can't give any advice though. I can understand wanting to be freee of it all and run to that light
Finally got head out of sand in October 2010
BR March 2011
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 19 April 2011 : 21:46:35
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I agree with Debtinfo, I really don't think that this will be accepted as generally IPA's cannot be paid in a lump sum.
View my blog at http://skippy13.blogs.iva.co.uk/
Only when the last tree has died, the last river has been poisoned and the last fish has been caught will we realise that we cannot eat money.
Last IPA payment made on 28th June 2010 - it's over at last! |
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diggindeeper
Starting Member
5 Posts |
Posted - 19 April 2011 : 21:48:50
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It is a lot to pay Essie but I put myself there, thanks for your concern though. At the start of this I couldn't even imagine getting to being discharged so I am pleased to be asking this question now, I'll get there in the end.
The reason I asked the settlement question is that I'm sure I have seen posts in the past where people discussed offering less than 50% as settlement, perhaps I'm dreaming but I would be interested to hear from anyone with a view or who have in fact settled at some point.
Why would they accept debtinfo? Perhaps because there's still 2 years to go and in this economic climate they might consider £10k acceptable against the risk of me not being in employment for the duration of my IPA, perhaps not. |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 19 April 2011 : 22:12:34
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I agree with the others - I don't think you can make a settlement with the OR, especially now that that everything has been tightened up.
Double, double toil and trouble;
Fire burn, and cauldron bubble.
Jan
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IPA Settlement
