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What exactly is covered by "Disbursements". I am paying a fixed nominees and Supervisors fee but note that disbursements are extra. My proposal says that VAT is the main disbursement but I was wondering what else might be covered? Is it all broken down in the annual review?

A second question - hope it is not rude - I am just interested!!! What was the main work of I.P.s before IVAs increased in numbers? Was it mainly bankruptcy or are there also other areas that I.P.s are expert in? Was the job a lot different in years gone by? I was reading about IVAs and the article said that it is only in recent years that the numbers have really gone up? I would just like to say that it is great that there ARE I.P.s - and particularly that there are those who give such good advice for free on this forum. Sorry if that all sounds a bit crazy!!

Hi there

Generally the cost of registering the IVA - currently £10, the cost of statutory insurance, cost for hiring a room for the creditors meeting, any printing, postage and stationery and bank charges. I generally allow approximately £300 for these items.

IPs don't just do IVAs. In my own practice we have a large bankruptcy portfolio, and a number of corporate liquidation and administration cases, and we also do a lot of corporate turnaround work involving giving advice to troubled companies with a view to assisting them to trade out of financial difficulties - which might involve a company voluntary arrangement. In fact, IVAs are a relatively new procedure.

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