IVA Advice Bureau

[ez123]

Have had my IVA approved - about 26p in the pound on £120k debt spread around fifteen or so creditors. Melanie (who posts on here) and here team were extremely helpful and professional. I'd have no difficulties recommending them to anyone, they really do know their stuff. [^]

[MelanieGiles]

Thank you very much for those kind comments. We have been and will continue to be very pleased to act for you, and I am glad that you found my staff helpful, as they do work very hard to look after all of our clients.

[kallis3]

Congratulations on having your IVA approved!

A great result again for Melanie and her team.

[plasticdaft]

Great work. Mel can you tell me how many IVA's your company sees approved every day/week and in your opinion how much is it up on last year??
Just wondering about the growth of debt problems etc etc.

[MelanieGiles]

Hi Paul

My firms put forward approximately 40 cases per month, and it is actually quite rare to have a case rejected - I reckon only about one or two per hundred thankfully. My fellow IP Sue, who is also one of my best friends!, and I personally deal with all of our clients, and I do think that this actually helps the success rate.

I think that generally, the acceptance of IVAs has increased over the last year, as many firms are now using the IVA protocol which, if followed, makes it quite difficult for a creditor to reject a proposal without good reason.

[plasticdaft]

Thanks for that Mel. How many do you think you were doing per month this time last year??

[David Mond]

My firm has currently 98% acceptances on IVA's and currently approaching over 50 per month. We are up by about 65% on past years - probably because of the protocol becoming more acceptable. We like Melanie run small firms but it is a sign of the times that IVAs are increasing.

[plasticdaft]

So is it fair to say that of all of us in this credit crunch..........IP firms are doing alright out of it???

[MelanieGiles]

We are definately busier than last year Paul - but I planned for growth, so that was to be expected. IVA numbers are actually stabilising, and we have not seen the sort of general growth that has been experienced over the previous five years or so.

[plasticdaft]

Interesting that IVA numbers are stabilising already given that it doesnt appear the country is getting back on track yet,could that be down to easier roue to BR(the low income one)??

I am always interested to get the opinions from you IP's who take the time to post on here,it gives a very balanced view between those in IVA/BR etc and those running them,and without some of the professionals on here this board wouldnt be as good as it is.

Paul

[MelanieGiles]

I think that the real growth in the debt figures comes from DMPs - where no statistical data is publicised, but creditors tell me that they are seeing many more of these types of arrangement being set up and agreed.

[Tina Shortland]

Confused as to why this post has appeared on this thread and what it responds to??

Jan can you look into please?

[kallis3]

It's a spam posting Tina which I have deleted and locked the poster out.

[Tina Shortland]

Thought it looked odd! Thanks Jan.