48 x £368
12 x £617
(Creditors requested an additional 12 payments at the meeting of creditors)
As the property was worth considerably less than the mortgage, it was unlikely that in year 5 of Zoe’s IVA, she would have any equity in the property and would be able to conclude her IVA after 60 months.
Total to be repaid by client
Divided accepted by creditors (per £)