What is the Process Involved when Offering an Early Settlement?
Any change to the original terms of your IVA proposal would be dealt with as a ‘Variation’. This will involve sending out a revised proposal to people you owe money to and holding a meeting to determine whether they agree to it.
If accepted you normally have 3 months to introduce the monies and once this is received your case will be passed to our Closures Team to begin their process of finalising your IVA and paying people you owe money to the required dividend due to them.
