I have to take my hat off to the cleverness of companies such as UK Bankruptcy, and the others who use the bandwagon of the Insolvency Register with which to tout their business.
I think that they are clever because the are able to do so many things at the same time - ie get inside the heads of people who have chosen to enter IVAs and tell them that they have been mis-sold something - without having any detailed knowledge of their case, having met them personally or spoken to them on the phone, or having any knowledge about the working practices of the IP firms they are targetting. If I were a debtor in this situation, I would be rather insulted by the suggestion that I had not exercised appropriate thought when deciding to enter into an IVA.
Do not be decieved by the spin spouted by these companies, or use the money from your IVA contributions to fund this ongoing bandwagon. If you genuinely now feel that the IVA is not appropriate for you, by all means stop paying into it and declare yourselves bankrupt - but think very carefully - because you just might be actually being "mis-sold" something that you completely do not need - ie paying fees to someone to help you fill in a simple set of forms you can download from the internet.
Regards, Melanie Giles, Insolvency Practitioner