Having read alot on this forumn, an IVA is a positive thing but brings challanges and why should'nt it, its a way out.
its a way out for us with debt problems, instead of going bankcrupt, and even though in one sense our creditors are doing us favour by agreeing to it, they also get something out it, they get some money back were as in bankcruptcy they get nothing, IPS gain as well, they get paid and again why not they are doing a very good job, basically its a win win win for all three parties.
So becuase of this their should be a bit more allowance, i am not saying allow for holidays etc like a BR, but maybe work out expenditure and add 10% for anything else, ie replacment washing machine that kind of thing, probably less IVA's will fail, IPS still get paid and creditors get paid something rather than nothing and alot less stress for people in IVA.
I am interested in what people think about this weather you are in IVA, BR , an IP, Creditor or been discharged from BR or completed an IVA
ps - i am not having a dig, just interested in what people think in general
no matter how bad money gets, theirs stll alot more important things in life - 48 payments to go
