www.iva.co.uk

I've noticed that people on the forum can quote what they are paying back to creditors ie 48p in the £ and I've looked through all my paperwork and can't find where this info is stated. Any ideas?

Hi Sue,

It should be in your paperwork - it is in mine. If you cannot find it then check with your IP tomorrow and they should be able to tell you.

Hi it should be there in your proposal. At each review I think if I remember correctly it states where you are at that moment. If you can't find it have a chat with your IP I'm sure they'll be able to let you know. x

Lesley, I think all reviews and chairmans reports are different depending on the compapny. With our IVA we just got a report detailing payments made into the IVA, interest earned, fees charged, then the amount distributed to creditors and any left over balance. At no time were we told how much money went to each individual creditor, just the total distributed. Even on our completion report payments were not itemised.

Sue.20 - the dividend in the £ should be stated in the main body of your proposal.

If you have your proposal then it should be on a summary page or look for the appendix marked Estimated Outcome Statement[8D]

It should form part of your proposal, where they give an estimated dividend.

I have had two reports from my handler and both simply deratil total amounts paid in and out, along with a percentage dividend paid, so you can see how you are doing.

But, yes, I guess companies do differ.

Hi, Have you managed to find it? I would like to know what is the minimum of the £ pence in pound the creditors will accept as a lump sum? any ideas?

Iva's vary greatly so how much p in the £ is an impossible question to answer. If the offer is the best one available from the creditors point of view the acceptance is the norm.

Paul

a lot have a required minimum dividend.i have and so have a lot of other people.its usally worked out on the original payment so if you pay in any extra via overtime etc then this will increase the dividend anyway.

It's all about putting your best offer forward; speak to a few professionals for advice. Our experts are fab and there is a listing of firms with customer reviews at www.iva.com

The safest place to look for this information is in the Chairman's Report - as creditor modifications can often amend the dividend, but this should be detailed in the report. If in any doubt, give your IP a call and they will be able to point you in the right direction.