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I was just wondering if there have been any surveys which show how open creditors are to negotiation, rating how they compare to each other?

I was just reading something on the website of UK Insolvency Helpline and saw that they rank creditors as "conflict", "semi-conflict" or "positive protocol" depending on their practices when dealing with IVA or DMPs. I am trying to get hold of this list but was wondering if anyone knew of anything similar?

Melanie, this one's probably for you!

That's a tricky one to answer, and I can only really to so from my own experiences.

Generally, I do not have problems with any creditors, so long as we observe the various minimum criteria that are enforced from time to time. I also do not put cases forward which I feel have a chance of being rejected, as I am just wasting my client's, my own and the creditors time.

Some creditors are getting harder in judging the merits of individual IVA cases, and they do have their own blacklists of insolvency practitioner firms that they feel may not give the best advice or service. Others are being extremely harsh on income and expenditure statements, and are pushing people to the absolute limits with regard to increased contributions.

I would personally withdraw from a case, if I felt that my client could not afford an enforced increase, and look to other options such as DMP or bankruptcy.

Don't forget that what the creditors want is to get the best possible repayment that you can offer. They do not want you to be bankrupt, but they do want to see effort in addressing the debts.

If you have a good professional advisor, and are being honest about your circumstances, you will have nothing to worry about.

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

Quote"Some creditors are getting harder in judging the merits of individual IVA cases, and they do have their own blacklists of insolvency practitioner firms that they feel may not give the best advice or service."
I hope that these IP firms know that they are blacklisted by certain creditors otherwise anyone choosing these IP firms will find themselves on a loser before they start !!!!
On a serious note these IPs should not be providing IVA services if they are indeed blacklisted as they cannot give the service that they are licensed for.It is becoming apparant that some creditors are unhappy with the IVA market and are raising the bar with regard to acceptance crtitereas.I heard today that the CAB and CCS are both busier than ever with debt cases therefor demand for IVAs and hence IPs will be on the increase.What will happen to all the people that are unable to have an IVA ???

HMG are presently looking at this at a fairly high level, and the Department of Trade & Industry are allegedly talking to all the main banks to discuss their lending and collections processes.

My gut feeling is that we will shortly arrive at a much more consistent product, and rulebook, which IPs and creditors alike will have to adhere to.

Things such as inappropriate advertising, remote or little contact with clients, inappropriate lending policies and inconsistent houseshold budgets may become a thing of the past. I sincerely hope so!

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