set amount before IVA is accepted ?

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a.mc

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Post by a.mc » Sun Apr 20, 2008 5:03 pm
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is the a set amount u have to have before they except an iva
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pm5

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Post by pm5 » Sun Apr 20, 2008 7:29 pm
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Hi a.mc, the set amount you pay is basically what you can comfortably afford, this amount is normally over £200 per month as anything lower may not get accepted by your creditors.
The amount you can afford is from you disposable income, this being after all important everyday expenditure is taken into acount then what is left over from your income is the sum what would be expected to be paid into an IVA.
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