Hi I recently assisted in a CVA for a Ltd company that is a dental surgery. They had the local PCT as the main source of income. Extract from proposal BACKGROUND TO THE PROPOSAL 1.1 The Company was incorporated in August 2007 and the director subsequently developed a successful dental practice busin...

You are correct. It doesn't have to be a High St lender but the only ones likely to refinance at the minute are the lokes of Blemain Finance whse rates reflect the lend. Check them out and you'll be amazed and I bet non of the experts cxan suggest otherwise. Kallis I work in Insolvency and have done...

Hi Michelle First of all DONT PAY ANY UPFRONT FEES 1. Car is allowed in IVA's (understood as necessity) 2. Rental Properties are allowed as long as they clear their costs. ie Rent covers mortgage & costs 3. Main residence coudl be possibly be kept dependant on your wishes BUT in an IVA YOUR HUSBAND...

Choose a firm thats fair and listens to your situation. DO NOT PAY ANY UPFRONT FEES! Any decent firm wont ask for money you can't afford. Start by getting your I&E together. Thats a list of what you have as INCOME and also list all your EXPENSES on a monthly basis. The SURPLUS is thee likely amount ...

They will likely accept what you agree with your IP

They virtually ALWAYS ask to extend to 6 years[8D]

Very easy. Use the original one in your proposal as a guide. Then show your reduced income

Regards Paul

should be 15% reduction

Send in your amended I & E showing the reduction in income

There will likely be a 155% discretion to reduce your contribution without the need to hold a variation. Check your modifications

Should be a doddle

Dont let them charge you

Contact me if you need help

[8D]

If you have your proposal then it should be on a summary page or look for the appendix marked Estimated Outcome Statement[8D]