Hi
Melanie quote "Yes Debbie - I feel that expenditure allowances on the whole are more generous under bankruptcy proceedings than in IVAs"
I agree and think that the insolvency service need to take another look at IVAs
My thoughts are
1]A figure of less than 100% for disposible incomes[Bankrupts pay a max of 70%]
2]The property dealt with within the first twelve months of an IVA[A figure agreed at the start of the IVA to be released at the end of the IVA,similar to the Scottish trust deed]
3]An IP to have similar powers that an OR does in bankruptcy[so no need for variation meetings]
I guess I could go on and on
Regards
Andy
Ps I have said it before and I,ll say it again,bankruptcy is the hardest thing that a person can do and I admire all on this forum that have been through it.
Andy Davie
IVA.co.uk Spokesperson
About me:
http://www.iva.co.uk/andy_davie_profile.asp
IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp