What percentage of my debt can I expect to pay

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mike.michelson

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Post by mike.michelson » Sat Mar 17, 2007 8:57 pm
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What percentage of my debt can I expect to pay if I arrange an IVA? I've seen 40% mentioned a few times, is this the usual rate?
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go_4_broke

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Post by go_4_broke » Sat Mar 17, 2007 9:55 pm
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Hi Mike

There is no set rate.

It depends very much on your own circumstances, your available income and whether you would be contributing any assets, as well as what is acceptable to your particular creditors.

The absolute least you can expect to pay is 25%, some people will pay as much as 100%.

I imagine 30-40% would not be uncommon.

Hope this helps

-Best



'5 years sticking my head into the Lion's mouth of debt !'
Please view my blog at www.go4broke.blogs.iva.co.uk

'Vive la differentness'
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Aaron_

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Post by Aaron_ » Sat Mar 17, 2007 10:28 pm
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Hi I'm paying 73%, but if you take away the IP fees in to account ove the 5 years then it work out to be about 55%.
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lesley

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Post by lesley » Sun Mar 18, 2007 10:34 am
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My offer works out at 31% to creditors I don't know yet if it will be accepted or not meeting on the 29th I will keep you posted.
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Skippy

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Post by Skippy » Sun Mar 18, 2007 6:09 pm
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Mine was 27% after the IP fees had been deducted.

Onwards and upwards!!!
View my blog at: http://skippy13.blogs.iva.co.uk/
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