Is my dividend enough to get IVA accepted?

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madwithworry

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Post by madwithworry » Sat Aug 29, 2009 9:16 am
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Is my dividend enough to get IVA accepted? Hi it's the weekend again and this is the time when I start to get really anxious as there is no one at my DMC to answer my questions. Finally worked out my final dividend to creditors. I thought I could pay back 35% but forgot about IP fees coming off. It now stands at 30%. Is this enough to get IVA accepted? I would be so grateful if anyone would let me know if I stand even half a chance!!
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sjbyron

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Post by sjbyron » Sat Aug 29, 2009 9:49 am
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Who are you creditors, HSBC and Northern Rock request a higher £/p most creditors are open to an IVA
Stu J Byron
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size5

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Post by size5 » Sat Aug 29, 2009 10:13 am
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If that is your best offer then that is all you can do. Your IP would not put the offer forward if he or she did not think it was a good proposal, and it is estimated that the average dividend is 32p so you are not too far away anyway.

Regards.
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MelanieGiles

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Post by MelanieGiles » Sat Aug 29, 2009 10:37 am
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It is a good dividend and I am sure it will be accepted by creditors.
Regards, Melanie Giles, Insolvency Practitioner
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Michael Peoples

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Post by Michael Peoples » Sat Aug 29, 2009 12:21 pm
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It is decent return and we had one last week accepted at 10p in the £. It was best offer and ultimately that is all that matters.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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