case study

Due to ill health, a Stockport based window fitting contractor found he was unable to defend a bankruptcy petition. Upon recovery from his health problems the debtor entered into an IVA and annulled his bankruptcy. The IVA was successfully completed following the re-mortgage of his property and the payment of his monthly contributions of £300. A dividend to creditors of 65 pence in the pound was declared. Creditors totalled £40,000.

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