12% iva

emptyspaces77

any thoughts on how a voteing creditors repesentivs would think of a offer of 12% in every £1

kns_2

I would think they would say No as this is far to low.

Anondebtadvisor

If the return is better than in bankruptcy they may well accept.

I have recently seen IVA's go through at less than 12% with my firm.

Your IP will not put forward a IVA if they dont think it has a good chance of success

FoggyBrain_2

I agree with Anondebtadvisor. The bottom line isn't a %age figure, but what can constitute the best return. I have seen lower get accepted too.

angel_rainbow

I agree with Foggy and Anondebtadvisor. I'm sure I have heard of a lower return being accepted. Your IP wouldn't put a case forward that they weren't confident of being accepted. Good luck!

milliemonster

My IP told me she was getting IVA's approved at 2p in the £1, that is the lowest I have heard of, as far as any good IP is concerned, if they have thoroughly gone through your financial circumstances and are prepare to put forward an offer through a proposal which details your best offer, then it is highly likely to be accepted whatever that dividend may be.

icanseethelight

In December I had an IVA approved for exactly the figure you have asked about, 12%

CCCS told me they have a 95% success rate with IVA applications from 10% and upwards.

With me, the alternative was 0%, like some have already mentioned.

Every creditor voted "For" the IVA.

Good luck.

emptyspaces77

made a mistake on calculations silly me i am going to offer 15%

Discoman

emptyspaces77 wrote: »

made a mistake on calculations silly me i am going to offer 15%

You do know it doesn't work like that?
Its based on your audited living costs & accepted expenditure. When that is agreed, whats left from your average wage is your offer.