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Example Offers to Priority Creditors

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From our example business and household budget, the table below shows which priority creditors our retailer has arrears with and gives examples of the offers he has been able to negotiate with these creditors.



Our example retailer has £128 available to pay towards his creditors. He has now negotiated with his priority creditors to pay £80 per month to catch up his arrears.

Remember this is just an example. Your figures may be longer and more complicated.

Once you have worked out how much you have for priority creditors, you can work out your offers to secondary creditors.

 

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