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can you tell me how you work out pence to the pound ie 25p in the pound for £50000

Hi
You will need to return £12,500 to your creditors after IP fees are taken off.So to give you some idea you will need to pay in about £300 per month for a total of 18k,less estimated IP fees of 5.5k would leave 12.5k to go to your creditors[25p for every £1 owed]The remainder your creditors would write off on completion of your IVA.
regards

Andy Davie
IVA.co.uk Spokesperson

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