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Posted: Thu Jan 22, 2009 9:18 pm
by smithouse
Probably a stupid question but I'm going to ask anyway. Looking through reviews of various IVA reviews and many state things like "My dividend was 74p in the pound", does that mean the agreement was to pay 74p in place of every £1 owed or 74p in each £1 written off?

Posted: Thu Jan 22, 2009 9:21 pm
by MelanieGiles
Not stupid at all. 74p in the pound, means that for every pound you borrowed the creditors get 74p back.

Posted: Thu Jan 22, 2009 9:22 pm
by smithouse
OK, clear now