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Posted: Tue Feb 19, 2008 3:35 pm
by shazzles
want your opionions on this desparately as my iva decision is resting on it and im wondering if hsbc will accept 32p in the £
Posted: Tue Feb 19, 2008 5:16 pm
by iva experts
Hi Shazzles,
What percentage of your debt does HSBC hold? I believe if they hold over 25% they then require a 40p/£ dividend. If the 40p/£ dividend is not reached i believe they will then vote No.
Posted: Tue Feb 19, 2008 6:24 pm
by iva.com
Hi Shazzles,
As IVA Experts have mentioned, HSBC will usually reject an IVA application that offers less than 40p/£. However, each case is judged on its own merits.
Are you currently in the process of applying for an IVA or just considering your options?
Kind regards,
Terry Balfour
IVA.com
Posted: Tue Feb 19, 2008 6:28 pm
by MelanieGiles
What does your IP say? They do have a 40p hurdle rate, but are open to other offers. From a previous post you made I thought you were offering 22p in the £. Was that a typo?