I agree with Red .... creditors are expecting somewhere in the region of twice that amount over the course of the IVA. That said, I have seen very low offers accepted (as well as generous ones, in at least one case higher than the outstanding amount, refused!).
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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