An IVA proved to be the best solution for a Cheadle sales woman. Following redundancy the debtor was unable to service the debts that she had incurred. The duration of the Arrangement lasted 18 months, which enabled the debtor to sell her property and provide a dividend to creditors of 56 pence in the pound against total creditors of £51,000. She retained £8,000 from the equity available following the sale of the property with creditor consent.
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