Posted: Wed Mar 12, 2008 3:34 pm
what is the minium monthly payment of £21000 debt creditors would likely accept i have no payments for at least 6 months?
The payment has to be based upon a fair and reasonable amount that you can afford to repay, there are also other considerations such as whether you are a homeowner, equity, how many creditors and a whole host of other factors.
There are some firms that will not propose an IVA without a minimum contribution in the region of £200, other firms will look at a lower contribution but, again, in reality it has to be based upon your own individual circumstances so it is impossible to answer the question with a definitive figure.
I suggest you may wish to go to www.iva.com and look at a list of providers and reviews and then contact 2 or 3 people to get a professional opinion.
Good luck.