im a bit bemused (payplan)

[Max]

As I understand it once the IP becomes the supervisor his/her primary duty is to the creditors but that does not mean the debtor will be bled dry - from the experience I have with Melanie - my IP - she steers a middle course - fainess to both sides

[ivas4us]

I know we have spoken on the forum about the success rates of IVA proposals but this now asks another question, which IP's are getting the highest success rates of completed IVA's. I am going to stick my neck out here and suggest as David mentioned that it is the IP's that operate a fairness to both sides policy.

[Max]

I think you right - if an IP had several failures year on year his/her reputation would be shot. It would be interesting to see figures on the issue Paul

[plasticdaft]

I said before that when you are looking for an iva firms should be forced by law/rules/governing body etc etc to tell you how many ivas they have run to completion as this alone gives a great marker of success.

[Max]

Very difficult to judge that way for failure could be for many reasons eg loss of job(s), illness, extreme mortgage hikes etc. I agree though it would be useful for some statistics to be produced. I know Melanie has had miniscule failures but I can't speak for others.

[ivas4us]

I think prior to proposal that most of us would probably be blinkered by the fact of succesful proposals rather than succesful completions. However they may be a relationship between the two from the prospective that IP's may not only be looking at the chances of the proposal being accepted but also the chances of succesful completion. I would be interested to hear David Mond's, Melanie's and Micheal People's take on this.

[kallis3]

Don't forget though that there are many reasons why an IVA fails - not all down the proposal put forward, which may have been feasible at the time.

Unemployment, illness, all sorts of things which cannot be forseen can mean the death of an IVA.

You can't lay that at the door of the IP.

[Max]

That is an excellent point Paul - I can't speak for your IP but Melanie, I am sure, looks for commitment from the debtor - determination on the part of the debtor goes a very long way in success

[Max]

you raised the same impediments as I did - most IPs would, surely, only put forward realistic proposals and given status quo remaining then sucess will be achieved. One cannot do anything about drastic changes in circumstances - crystal balls - be nice to have one!

[ivas4us]

Don't forget though that there are many reasons why an IVA fails - not all down the proposal put forward, which may have been feasible at the time.

Unemployment, illness, all sorts of things which cannot be forseen can mean the death of an IVA.

You can't lay that at the door of the IP.

I agree that unforeseen circumstances can happen to any proposal but the IP that looks at not only the chances of success for acceptance at the creditors meeting but also the chances of successful completion will ultimate see a higher overall success rate. Just a view and was wandering what the IP's take on this was. Just think it might be another thing to offer advice on for new posters and develop all our own experience.

[ivas4us]

That is an excellent point Paul - I can't speak for your IP but Melanie, I am sure, looks for commitment from the debtor - determination on the part of the debtor goes a very long way in success

I am convinced that David Mond would also look at the bigger picture, he has done a fantastic job for myself and Wonder as Melanie has also done for you. We have both been very fortunate to have chosen IP's that are at the forefront of the industry.

[Max]

Yes we were fortunate and yes Melanie did an incredible job that is the reason I suggest people go to her!

[MelanieGiles]

I can only do my work in the way I always have. I don't think that there is anything special about what I do, I just do what I was trained to do and have built up my practices over a number of years by largely doing things right.

However, one internal statistic worthy of note is that for every 100 enquiries we get to the office, perhaps only 30 actually result in IVAs - so perhaps I am just a little more fussy about the clients I will act for, and I definately do not want cases which are likely to fail in the early few months due to affordability issues.

[kallis3]

I think that every debtor goes into an IVA with the intention of completing it - otherwise there would be no point in doing it, similarly the majority of IP's will only take on an IVA if they think there is a likelihood of it succeeding.

I personally don't think that there is anyway of knowing at the outset how many are going to complete.

[ivas4us]

ok I see a lot clearer now. I was just trying to see if we could advise new posters on the succesful completions that IP's have arranged but looking at all the variables this may not be as practical as I first envisaged. I was looking at ways that the site could offer additional advise than what has been provided but I can see that it is not that straight forward. However I do feel that Melanie sums it up with 30% IVA proposal to enquiry rate in that if she is certainly looking further than the just the amount that will get accepted. Although the point I made was not really a great one I have still learnt a lot from the answers so thanks to all. I still am of the opinion that David and Melanie are at the top of this industry as I am sure Micheal Peoples is as well.