How do I work out how much we have been proposed tp pay to the pound ?

[Bailo]

How do I work out how much we have been proposed to pay to the £, as at proposal stage and seems rather low....with GT. We owe around £43k, proposal stage £115 each for 10 months then the following 5years 2 moths; £70 each totalling £140 per month...In total we would pay back @£9ishk. Seems rather low, I am stalling with the paperwork at the moment....so much to think about. Lisax

[kazzafunk]

It should say in the proosal what the dividend return will be to creditors.

To be honest with you - I wasn't worried about the dividend figure as if that's all you can pay then creditors are likely to accept it.

I was more concerned about all the allowances given to make sure we could afford it.

[Niobe]

I wouldn't worry either - it's all down to affordability and your IP would not be putting anything forward if they didn't think it would be accepted.

[Bailo]

Just read the proposal in more detail and does say 10p/£ this seems low dont you think?

[Michael Peoples]

If it is the best offer there is no reason for rejection. WEe have done numerous IVAs offering less and even had them accepted at less than a penny in the £.