are iva companies generally all the same?

[moppy]

HI, LOOKS LIKE IM HEADING FOR AND IVA AND I WAS WONDERING IF THERE ARE ANY BETTER COMPANIES THAN OTHERS TO GO TO ABOUT THIS OR ARE THEY GENERALLY ALL THE SAME?
THANKYOU

[Skippy]

Hi Moppy - welcome to the forum.

In answer to your question, no, not all companies are generally the same. I would suggest that you contact two or three companies from this site for advice, and don't go with the first company to lend a sympathetic ear.

Good luck, and keep posting to let us know how you get on.

Four down, fifty six to go until freedom!

[Welsh Boy]

When you say IVA companies do you mean Insolvency Practitioners?

[freelili]

skippy is right and I would say NOOOOOO.

Another thing to bear in mind is when phoning companies is do not feel ashamed, whoever you go with will make money, you should feel comfortable,secure and reasured. Also make sure that your allowance to live on is realistic for a 5 year period, to agree at 'all costs' is a mistake

Good luck moppy



LILY

[freelili]

Welsh Boy

The IP will work for a company

LILY

[Welsh Boy]

Lily

Yes I am aware of this, I wanted to understand what was meant by the question "are all iva companies the same" I have worked for numerous years and still do within this industry and wanted to clarify the question as in my experience iva companies have in some instances many staff working for them. If you are asking are all Insolvency Practitioners the same the answer in my experience is a resounding NO!

[MelanieGiles]

Hi moppy and welcome to the forum

As a practising insolvency practitioner, I would suggest that you talk to two or three specialists to get a balanced opinion of your options.

If you decided to choose the IVA route, make sure that you check out the firm you are dealing with and find out what their success rate is at creditors meetings. Always insist that you have at least a telephone chat with the insolvency practitioner personally, and preferably arrange to meet them face to face. You need to have a "relationship" with these individuals - potentially for the next five years of your life, and therefore need to ensure that they are always available to advise you when you have queries, and that they are going to support you where possible if things go wrong.

Read up as much as you can about all of the procedures before you start your search, so that you can ensure that you are being given best advice, and ask what sort of relationship the IP firm has with your specific creditors.

Good luck in your search and don't forget we are here to also assist with ongoing queries.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.
View my IVA blog at: http://melaniegiles.blogs.iva.co.uk

[freelili]

I do appologise welsh boy I misunderstood the context of your post

LILY

[Welsh Boy]

Lily

No need for apologies, I have been looking at this site for quite a while and reading the content with interest.The topic`s whatever they may be seem to have a central core and that is receiving the correct advice, this is absolutely paramount to all concerned. This week has been a huge success and credit to all who have given of their time and expertise in the culmination of this. In my professional experience working with the right people and having the right people advise you is critical. Good luck to all of you out there and remember there is life after debt.