Hi mye and welcome to the forum
Not in my experience, although the criteria that banks are expecting to be produced in terms of quality of presentation are perhaps somewhat higher, and they are concerned that people are choosing the right decision to deal with their financial difficulties rather than simply using the procedure to avoid paying their debts - quite rightly so in my opinion.
An IVA is an appropriate procedure for an individual who can no longer afford to repay their debts as they contractually fall due, but nevertheless feels a strong degree of responsibility to their creditors to effect a maximum repayment.
From the creditors point of view, they will be prepared to accept proposals which afford a better return than would have been available under bankruptcy proceedings, but they will not entertain proposals where they feel their customer can afford to continue paying.
The fact that there may be more proposals being rejected could be the result of creditors being more careful to read the proposals which are placed in front of them.
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
