inaiva wrote:I agree with this exactly. To be honest it wasnt until i discovered this Forum which was only a few weeks ago and we're 12 months in to IVA now,i realised the importance of the pence in the Pound!! I was just so glad that it was a "managable" monthly payment..
I think it is more about what you can afford to pay back rather than the dividend at the end of the day. bearing in mind that the monthly payment may well go up over the years anyway thus increasing the dividend anyway.
So long as your offering the best you can afford, trust your IP. I doubt very much they would bother putting it forward if they did not think it would be accepted.
Also if your creditors are going to get more back through the iva than in bankruptcy I would think they would jump at accepting it.
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