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How will payments to creditors be made?

April 26, 2017Creditors PAYMENTS

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How will payments to creditors be made?

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All your creditors will receive a pro rata payment dependent upon your disposable monthly income. Disposable Income is the amount of money you have left once your essential expenditure has been accounted for, our advisers will go through this with you. Your creditors will still issue monthly statements to you; these will indicate the amount of the payments and whether or not the interest has been frozen or reduced.