WHAT PERCENTAGE OF DEBT DO I PAY IN A PROPOSAL?
This is the magic bullet question.
The Insolvency Trustee’s role in negotiating a proposal is to find the appropriate balance point between what you can reasonably afford to pay and what your creditors would find acceptable.
The trustee is not there to either maximize returns for the creditors (that is their own role in the process) nor to minimize the amount the debtor will be required to pay.
The trustee is required to use his or her skills and knowledge to find a commercially reasonable solution to help debtors get out of debt!