Why is it called a dividend?

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hara

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Post by hara » Fri Aug 03, 2007 8:00 pm
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Why is our payment creditors in IVA is called divedend?

hara.
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Adam Davies

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Post by Adam Davies » Fri Aug 03, 2007 9:12 pm
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Hi
I suppose you can equate it to a share dividend,a share of profits,but in the case of an IVA it,s a share of the money paid in to an IVA,less IP expenses
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Andy Davie
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Andam Davies
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iva_squirrel

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Post by iva_squirrel » Mon Aug 06, 2007 12:18 pm
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Hi hara,

Its called dividend because its a proportion share in an amount to be distributed. In the case of an IVA its the percentage to be distributed among your creditors.

Regards,
Michelle P.
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