Michael Peoples wrote:I beleave it was 9p in the pound if that sounds right. we had debt £35k and they have accpeted £6000 + our payments to date as a final payment.
Great news Poxy. Creditors clearly took a commercial and sympathetic view and an excellent result all round. I assume the final dividend accepted was quite low?
Michael Peoples wrote:That definatly is the case Michael. I think my advise to anyone is make sure they are clear about what they want to do and that they understand everything that is involved in an IVA.
That does sound about right and goes to show that low dividends are accepted when they are best offer.
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