I do not understand what they mean by dividends..

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12878

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Post by 12878 » Sat Apr 12, 2014 9:02 pm
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I do not understand what they mean by dividends.. Can anyone help in laymans terms..?
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Foggy

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Post by Foggy » Sat Apr 12, 2014 9:35 pm
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A dividend is the payment to creditors, usually expressed as pence in the pound. So, for simplicity, say you owe Barclays £100 and your anticipated dividend is 17 p, they will get £17.
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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MelanieGiles

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Post by MelanieGiles » Sun Apr 13, 2014 8:21 pm
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Dividend are paid in proportion to the debts owing - so those creditors who are owed more will get a larger payment than those who are owed smaller amounts.
Regards, Melanie Giles, Insolvency Practitioner
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