Ashley Park Debt Solutions

Ashley Park: PVA FAQ

To read more details, click on the 'Show/Hide' link next to each question.

Would my creditors receive all their debts owed to them?

Depending on the company's viability and financial situation, your creditors will receive anything from between 25% and 100% of the debts owed to them.

How would my creditors be paid?

Part of the terms of the PVA is that you make regular monthly repayments to your creditors.
What happens if I fail to maintain payments on the PVA?

If you fail to make payments on your PVA, it will be classed as invalid and your creditors can start legal proceedings against you.
What are the costs of the PVA?

The costs of setting up a PVA will vary from company to company depending on the size of their debt problems.

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