How much will I have to pay each month?

The amount you have to repay will be determined by your disposable income and the value of your debts that have to be repaid once your Insolvency Practitioner has completed negotiations with your creditors.

But usually payments are at least £200 a month. Then if your financial position changes during the IVA period, it can be modified to either speed up or slow you're your repayments. There is some flexibility.

 

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