Page 1 of 2
Posted: Tue Mar 15, 2011 3:54 pm
by Hayley.gb
My husband and I are jointly applying to do and IVA and combined we propose to pay back 36p in the £ owing, this seems very low to me and I fear we will not be approved, anyone be approved at this low rate, also can one of us be approved and the other not.[?][?]
Posted: Tue Mar 15, 2011 3:58 pm
by liamjames
Hi Hayley,
Don't worry - your IP must have been convinced in order to propose it to your creditors. I've certainly seen dividends much lower than that approved, and I'm sure that the other posters will agree that it's quite normal for an offer like that to be accepted!
Posted: Tue Mar 15, 2011 4:05 pm
by Lisa2009
I agree. Its a good offer and im sure it will be accepted
Posted: Tue Mar 15, 2011 4:07 pm
by andrea1968
ours was approved no problem at 34p in the pound-I have seen a lot lower on here.
Dont worry Hayley-we were convinced it would be a *no* right up until the phone call saying yes!!!
The alternative of bankruptcy would see the creditors getting a lot less-please dont worry-your iva firm will know what they are doing.
Posted: Tue Mar 15, 2011 4:25 pm
by jessicarabbitgirl
Mine was 33p with no issues
Posted: Tue Mar 15, 2011 4:57 pm
by MRBLUESKY
Mine was original 31p,concluded early with a full and final offer,giving 30p,with no issues,i too have seen a lot lower.yours is a good dividend hayley.
Posted: Tue Mar 15, 2011 4:58 pm
by Rosepetal
our's was lower,the only modification's were to IP fee's.
i'm sure you'll be fine!
Posted: Tue Mar 15, 2011 6:17 pm
by elizabethr
mine was 32p in the £ I think and that was ok. You won't stop worrying though until its accepted.
Posted: Tue Mar 15, 2011 6:22 pm
by Skippy
Mine was 27p and was accepted without any problems.
Good luck, I'm sure you'll be fine x
Posted: Tue Mar 15, 2011 9:22 pm
by Shining
Hi, seems a good return to me, your IP will be confident so all the best from me x
Posted: Tue Mar 15, 2011 10:55 pm
by kallis3
Seems like a good return to me as well. Mine is 31p in the pound.
Posted: Wed Mar 16, 2011 8:03 am
by back on track
mine was 22p so dont worry about how much your dividend is
Posted: Wed Mar 16, 2011 8:48 am
by Broke of London
It looks a good dividend and if it's the best offer on the table you've got nothing to worry about x
Posted: Wed Mar 16, 2011 8:58 am
by lem
well as you've no doubt seen, mine is going to be around 15p in the £, I spoke to my team yesterday who made me see the dividend differently, Claire told me to see the dividend as a byproduct of a realistic income and expenditure, therefore if the I&E is realistic and broadly fits the CCCS guidelines, then it will be accepted, she told me that you could have a dividend of 70p in the £ but if the I&E isn't correct, then it wouldn't go through, so I am trying to listen to her advice.
Your dividend is whatever it is at the end of the day
Posted: Wed Mar 16, 2011 9:05 am
by Broke of London
Good advice from your Mum. I am returning about 70p and still worried like mad so nothing gives you guarantees. It's about putting your best offer forward not about how much the dividend is. xx