www.iva.co.uk

Can anyone explain how I have paid 36 IVA payments and 45% of the value has been paid to my creditors. If this continues over the next 24 months the promised dividend will not be reached. Or are the fees paid upfront? Seems an awful lot of money to me. Having said that the current firm who took over my case last year dont seem to be charging as much as the previous.

Sorry meant to say - I am considering a F&F settlement so trying to work out what my creditors would accept.

The fees are usually paid from the first year or so's contributions. I've paid nothing to my creditors yet.

If you are considering a full and final, the creditors do usually like to see as close as possible to the original dividend.

Speak to your IP and see if they can advise what would be acceptable as a full and final.

rest assured amanda,your creditors will get the agreed dividend if your iva runs the full timescale,regarding f&f settlements there is a criteria, as kallis3 said original dividends are more likely to be accepted.including fees, vat,etc,