The key to an IVA being acceptable to creditors is that it represents the best possible return they can envisage given the individual circumstances of each case. They must be convinced that their customer has received appropriate and best advice in accordance with industry and statutory guidelines.
On the part of the IP, this involves thorough research into a client's individual circumstances, to enable the ability to advise upon the range of options available. Some people may perform these tasks to a higher standard than others, and presumably creditors will take this into account when deciding whether to accept an IVA or not.
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