60 x £363
Dividend accepted by creditors (per £)
Three years into the IVA, Ben was again made redundant and could no longer afford his contributions. The Debt Advisor proposed a variation to his IVA and the creditors agreed to conclude his IVA based on the contributions and PPI refund they had received to date.
Total Contributions (including PPI refund)
(compared to £0.43 p/£ originally accepted)