No. The amount the company pays back should always be based upon affordability - not some arbitrary number. You should work out a 5 year programme with supporting and highly detailed forecasts. Then the result is a better structured longer lasting CVA.

The HMRC will be happier to support a well considered plan than a half baked scheme that takes the total unsecured and tax debt and divides it by 60 months – to get a simple 100% repayment. This method is doomed to failure!

Under the law there is NO minimum payment (or dividend as it is known), the law simply lays out a method for offering a deal to the company’s creditors. It is then up to them to accept or reject it.

If it looks like they are going to reject the offer, the meeting can be adjourned while you negotiate an acceptable offer.