Monthly payments

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wilson123
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by wilson123 » Mon Oct 30, 2017 3:40 pm
What is the lowest iva monthly payments could be. Thanks
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Lisa Thomas
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by Lisa Thomas » Mon Oct 30, 2017 4:02 pm
There no set minimum but only what becomes practically worth it to cover the costs and administration involved and still be able to pay creditors something back.

A figure of c£70 has been banded about before.

It is based on what you can afford.
wilson123
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by wilson123 » Mon Oct 30, 2017 4:08 pm
How often are ivas rejected. Thanks
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Foggy
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by Foggy » Mon Oct 30, 2017 4:14 pm
wilson123 wrote:
How often are ivas rejected. Thanks


They are rarely rejected these days as long as they are sensible proposals. A lot will also depend on the make up of your creditors, most are accepting of good offers, some are not.
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Lisa Thomas
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by Lisa Thomas » Mon Oct 30, 2017 4:48 pm
I don't have stats as rejections are not formally recorded, only failures are.

If your Nominee does not think the proposals should be recommended they will not let you present it to creditors.
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