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Posted: Tue May 15, 2012 1:54 pm
by 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
Posted: Tue May 15, 2012 2:02 pm
by 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.
Posted: Tue May 15, 2012 2:09 pm
by 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.
Posted: Tue May 15, 2012 4:41 pm
by Bailo
Just read the proposal in more detail and does say 10p/£ this seems low dont you think?
Posted: Tue May 15, 2012 4:48 pm
by 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 £.