Hi Raffles66. Welcome to the Forum. The lowest I've heard of hear was 9p. It could depend on the original proposed dividend; how close you are to it, and where the funds are coming from i.e third party/windfall/redundancy etc, and also whether there is a change in your personal circumstances.
IVA journey started: 30th March 2009. Settled: 17th July 2012. Completion Certificate received: 13th March 2013. Breathe. x
Hi, I just got all my dividends etc thia am and mine was less . Can't believe how low it was actually or how much I was in debt by. Speak to your ip raffles and good luck
Yes a lot depends on if you are doing a F&F IVA from the off or if you are already in an IVA and wish to propose a F&F. If you are doing a F&F from the off then on the face of it it seems a very good offer, especially if the alternative of a 5 year IVA was not likely to produce a better return, if you are already in an IVA and wish to end it by a F&F, it would need to be a similar dividend to what the creditors would be accepting should the IVA run it's course unless there were extenuating circumstances
Our f&f came out at 16p, prior to that the original divi was 17p.
Aucto Splendore Resurgo.
IVA accepted May 2007.
Extended by 12 months in lieu of equity March 2012.
F+F offer accepted May 2012.
C of C received August 2012.
IVA dropped off credit file 24th May 2013.
It depends how the offer compares with the original return anticiapted, and what has caused your circumstances to change if this is the reason for the revised proposals. The average return these days in an IVA is around 22p, so you are not too far away from that and so long as the reasons for the offer are justifiable, there is no reason why creditors should turn it down.
