Monthly payments

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wilson123

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Post by wilson123 » Mon Oct 30, 2017 3:40 pm
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What is the lowest iva monthly payments could be. Thanks
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Lisa Thomas

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Post by Lisa Thomas » Mon Oct 30, 2017 4:02 pm
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There no set minimum but only what becomes practically worth it to cover the costs and administration involved and still be able to pay creditors something back.

A figure of c£70 has been banded about before.

It is based on what you can afford.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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wilson123

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Post by wilson123 » Mon Oct 30, 2017 4:08 pm
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How often are ivas rejected. Thanks
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Foggy

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Post by Foggy » Mon Oct 30, 2017 4:14 pm
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wilson123 wrote:
How often are ivas rejected. Thanks
They are rarely rejected these days as long as they are sensible proposals. A lot will also depend on the make up of your creditors, most are accepting of good offers, some are not.
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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Lisa Thomas

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Post by Lisa Thomas » Mon Oct 30, 2017 4:48 pm
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I don't have stats as rejections are not formally recorded, only failures are.

If your Nominee does not think the proposals should be recommended they will not let you present it to creditors.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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