Dividend

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smithouse

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Post by smithouse » Thu Jan 22, 2009 9:18 pm
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Probably a stupid question but I'm going to ask anyway. Looking through reviews of various IVA reviews and many state things like "My dividend was 74p in the pound", does that mean the agreement was to pay 74p in place of every £1 owed or 74p in each £1 written off?
All the best

Smithouse
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MelanieGiles

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Post by MelanieGiles » Thu Jan 22, 2009 9:21 pm
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Not stupid at all. 74p in the pound, means that for every pound you borrowed the creditors get 74p back.
Regards, Melanie Giles, Insolvency Practitioner
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smithouse

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Post by smithouse » Thu Jan 22, 2009 9:22 pm
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OK, clear now
All the best

Smithouse
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