IVA Question
Can my arrangement be brought to an early conclusion?
Yes, a meeting of your creditors can be convened to offer a sum of money in full and final settlement of your obligations under the IVA. The sum of money could be raised by:
- Re-mortgaging your property.
- Funds from a relative or other third party.
- Cashing in life insurance policies (Subject to you obtaining expert investment advice).
Creditors are likely to agree to accept a lump sum to bring the arrangement to an early end if you can show that you are paying creditors as much as you can afford.