I have chosen to go for an iva, the company I have chosen to go with are Financial Support Systems.. They have put a proposal together at 49.9p dividend?, is this a good enough proposal to get accepted... im worried sick
49.9 p is a very healthy dividend and stands a very good chance of getting through. Best of luck with your proposal.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014 http://foggy.blogs.iva.co.uk
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Fri Aug 21, 2020 7:01 pmFoggy wrote:
49.9 p is a very healthy dividend and stands a very good chance of getting through. Best of luck with your proposal.
Looked at my proposal again and its actually 49.39 dividend, im stressing out..... would you think it will be accepted?
Fri Aug 21, 2020 7:01 pmFoggy wrote:
49.9 p is a very healthy dividend and stands a very good chance of getting through. Best of luck with your proposal.
Looked at my proposal again and its actually 49.39 dividend, im stressing out..... would you think it will be accepted?
Mine was 32p and most I have seen getting accepted are around that sort of figure ( around a third of the debt ).
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014 http://foggy.blogs.iva.co.uk
Mine was 39p if I remember rightly and I had no problems. I'm sure you'll be fine.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
That's a very healthy dividend, you should be fine.
I work for one of the UK's biggest Insolvency Practitioners. All posts I make are my own thoughts and/or opinion and are not the views of my employer. None of my posts constitute legal advice and should not be taken as such.
Fri Aug 21, 2020 7:01 pmFoggy wrote:
49.9 p is a very healthy dividend and stands a very good chance of getting through. Best of luck with your proposal.
Looked at my proposal again and its actually 49.39 dividend, im stressing out..... would you think it will be accepted?
Mine was 32p and most I have seen getting accepted are around that sort of figure ( around a third of the debt ).
Just spoken to the iva company and admiral are the only ones who have returned a vote as yet... they say they've rejected it?
As long as. you get 75% by value of the other creditors then their vote won't matter and they will be bound by the IVA. Who is your largest creditor?
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Tue Aug 25, 2020 4:00 pmkallis3 wrote:
As long as. you get 75% by value of the other creditors then their vote won't matter and they will be bound by the IVA. Who is your largest creditor?
My largest creditor is Creation, but they are part of the insolvency exchange which apparently always vote in favour of whatever the outcome is.... my next after the asdmiral one is a private one, rather not say on here.... but they apparently when first contacted said they would be in favour of an iva as they said at least they would get something back.
Hopefully Creation and your other one will vote in favour.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
TIX (account servicer for creation) should look favourably on that dividend, provided your income and expenditure makes sense. Like has been said, that's a really healthy dividend rate, especially these days.
I've seen arrangements approved on so much less.
Good luck
I work for one of the UK's biggest Insolvency Practitioners. All posts I make are my own thoughts and/or opinion and are not the views of my employer. None of my posts constitute legal advice and should not be taken as such.
