www.iva.co.uk

Firstly I would like to say hello to everyone on this fantastic site.
I have only just discovered it. The question I have is about dividends, I see in a lot of threads people are quoting dividends at say 35p. I do not mean to sound thick,[:I] but could someone please explain what that figure actually means? Many thanks, John

Hi there and welcome to the forum

The dividend is the amount you return to creditors. For instance if you owe £1,000 and can only afford to pay £300 back - the dividend would be 30p in the £ - ie 30% of the amount repaid that you actually owe.

Hi Melanie, thanks for the quick reply and explanation, much appreciated.