Alison and James’s IVA was approved by creditors and the property eventually sold for £179,000. The debtors were able to provide a lump sum after costs of £18,719 to creditors in full and final settlement of their unsecured liabilities.
Lump sum from sale of investment property
(Clients also paid costs of repair, sale and mortgage arrears on their residential property)
Total to be repaid by client
Dividend accepted by creditors (per £1)