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[ivas4us]

thanks Jan, I made a mistake which was upsetting me a bit so glad you have managed to sort this. Many Thanks

[kallis3]

No problem.

[onechance]

OK
I mmanaged to upset alot of people.
Apolgies however straight question Melanie.

Why in B/r is it 3 years

In iva 5/6

Forget the question of law and creditors what is the difference

In european law this would end up filed

My concern is this B/r lasts 3 years.

If Iva was the same what would be the problem.

Ooops I/ps would lose there fees

Sorryut thats my feelings

[kallis3]

I don't think you will find many people on here who agree with you.

The IP's work hard both for the debtor and the creditor and their fees are fixed.

I don't have a problem with paying them at all.

As to the time frames, they are already fixed and unless you can do a full and final IVA and finish early, that's the way it is.

[Adam Davies]

Hi
This is the final post on this topic.
The Insolvency act dictates that bankruptcy payments will be for three years, there is no set term for IVAs but five years seems to be the norm.
It has nothing to do with fees, IVAs are a way for people to protect their property whilst paying as much as possible.
Anyone in unmanageable debt has to take responsibility for their actions, banks are part to blame but so are we.
Finally IPs did not lend or spend the money so should be applauded for their work. Until you understand the workload involved and the level of due diligence that they have to prove then no one should complain about their fees, infact as has been said many times before it is the creditors that pay the fees in 99% of all cases.
Regards