Not monthly, no - to do that would just not fit the spirit of formal insolvency proceedings and make the case completely cost-ineffective for creditors.
These days creditors are being really harsh about fees, and the pro-rata modifications are becoming increasingly common. I accept that some IPs have been overcharging, but generally fees in IVA's are pretty typical and tightly controlled now by creditors.
There is a cost to the procedure, and if the creditors want the job done properly they have to pay - otherwise we will simply lapse back to an unregulated debt management industry as good IP's will pack up.
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