As MarkSam has said, it all depends on your income and expenditure in relation to your debt, everyone has different salaries and outgoings so this is all taken into account.
The short answer is that if your IP is happy to run with it then he or she must think it stands a good chance of being accepted. There may be other issues to be taken into consideration such as equity, or increase in payments later on when a car HP payment has finished for example which would increase any proposed dividend, so it is difficult to comment more specifically.
I am sure your IP will do the best they can for you.
Regards.
Cert DR
23+ years in debt advice
I do not post for anyone other than myself
I have just received a new tax code this morning - as far as I can see it will give me about £6 per month extra income. My proposals have only just be signed and sent off to Melanie. Do they have to be altered or do I put the £6 per month away (unless it is taken back in the next budget!) and pay it over at review assuming my proposals are accepted? I am very new to this and do not know the rules and regs.
Thank you - probably be taken off at the next budget anyway!! Perhaps the IPs ought to do the country's budget - they would not make the mess that is being made at the moment!
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.
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