Hi again Chris
I do not think that you have taken the IP costs into your calculations, as these will absorb some of the money you are paying over.
In my professional opinion, and other experts may well have a differing view, a second IVA only offering 17p in the £, where your creditors have already stated that they will not accept this from your existing IP will probably fail.
However, if your first IVA is brought to a conclusion, and this new firm are happy to give it ago free of charge, I suppose you have nothing to lose. Your other options are to set up a Debt Management Programme or declare yourself bankrupt.
Regards, Melanie Giles, Insolvency Practitioner for over 20 years.
For further details contact me at
http://www.melaniegiles.com and view my IVA blog at:
http://melaniegiles.blogs.iva.co.uk