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Pro-rata calculation. Instance calculation that is pro-rata

  • Action 1Р’ render a summary of your non-priority creditors and just how much you borrowed from every one of them.
  • Step 2 add up the total levels that your debt to your non-priority creditors.

You may then need certainly to follow procedures 3 and 4 for each debt that is non-priority.

  • Step three multiply the total amount you’ll pay for to pay for your non-priority creditors because of the level of financial obligation which you owe a specific creditor.
  • Step four then divide the figure worked down in action by the total amount that you borrowed from to all or any their non-priority creditors.

Pat and Eva need resolved that they’ll manage to pay their non-priority creditors Р’Р€107 each month.