When do people I owe money to receive payment?

During the course of your IVA [1] we continually review the position and make payments to people you owe money to. Funds are not distributed on a monthly basis – they are normally paid in the form of an interim payment, known as a dividend, when there is £5,000 or more in the IVA account.

Upon completion [2] or failure [3] of the IVA the remaining funds will be distributed to people you owe money to in the form of a final dividend.