Full and final IVA
OVERVIEW
A full and final arrangement is more appropriate if you cannot afford the minimum
contributions but are in the position to offer your creditors a one off lump sum
payment in settlement of the outstanding debt. This arrangement can be presented in
the form of an IVA making it legally binding. Please see our IVA section for information
regarding this.
The most common way for the lump sum payment to be raised is via a remortgage.
Alternatives may include a lump sum payment from a third party, or proceeds from the
sale of property or other assets i.e. shares, bonds etc.
To find the best solution for you Contact GPX Debt Advice or Send Your Details to The
Debt Advisor today.
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