www.iva.co.uk

would 16.6p be an acceptable rate of return for creditors for a full and finl

Hi, when we did ours our ip said it depended on circumstances, debt etc. Talk to your ip. Ours was less than that by the way

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.

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.

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.