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Posted: Tue Aug 21, 2012 6:24 pm
by steven greenhalgh
what is considered a good dividend on an iva??
Posted: Tue Aug 21, 2012 6:34 pm
by Niobe
Whatever you can afford to pay back.
Posted: Tue Aug 21, 2012 6:58 pm
by nickjohn
If you look around the forum dividends range from 11p in the £ through to 94p in the £..
It all depends who you are with, what your level of disposable income a month is and what the value of the original debt is..
Posted: Tue Aug 21, 2012 7:01 pm
by Shining
an IVA is just that an individual voluntary arrangement. The dividend of everyone differs and some people pay 100p in the £ back and others not so much. When the best offer is out there and you have the guidance of a good IP then creditors can agree. Dividends can increase or decrease in the duration of the IVA due to circumstances we hadn't planned.
Posted: Tue Aug 21, 2012 9:30 pm
by MelanieGiles
A good dividend in the eyes of creditors, is one that sees the debtor repay as much as they can, to the best of their ability, over a realistic timescale - usually five years. We recently got an IVA accepted at 3p in the £ - unusual circumstances, but still possible, similarly we have had cases where our clients have repaid 100p in the £.