Get expert opinion. This is the place for new questions to be posted.
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Susan.60
- Posts: 21
- Joined: Wed May 08, 2013 4:19 pm
What does 100 pence in the £ mean also what does mvm stand for
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Foggy
- Posts: 33395
- Joined: Fri Dec 17, 2010 11:14 am
- Location: United Kingdom
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100 pence in the pound means the full debt will be repaid -- i.e for every pound you owe you will pay in 100 pence.
MVM is a mass variation meeting where a variation is put to all creditors at once.
Last edited by
Foggy on Mon May 27, 2013 5:30 pm, edited 1 time in total.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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Susan.60
- Posts: 21
- Joined: Wed May 08, 2013 4:19 pm
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nickjohn
- Posts: 969
- Joined: Tue Feb 07, 2012 11:27 pm
- Location: United Kingdom
However, if you are to pay back 100p/£ then you will also have to pay back the IP fees so you be paying back more than 100p/£..
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Susan.60
- Posts: 21
- Joined: Wed May 08, 2013 4:19 pm
If my case has not got to go to mvm does this mean I will not have to pay anymore to gant thornton
