is there a moximum monthly payment as well as a minimum payment ?

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Mark.29

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Post by Mark.29 » Mon Oct 31, 2016 2:49 pm
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Just fillimg in our last I&E i know there is a minimum monthly payment (mine is £210 is there a maximum?
Many thanks in advance
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Michael Peoples

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Post by Michael Peoples » Mon Oct 31, 2016 3:27 pm
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No maximum as it depends on the level of debt and affordability. Debts can be in the millions and payments in the thousands per month so it is all relative.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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Foggy

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Post by Foggy » Mon Oct 31, 2016 5:12 pm
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As Michael says the payment is dictated by your disposable income with no upper limit.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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