You have to laugh sometimes

[catullus]

http://www.youtube.com/watch?v=I5bbvMR8Ee4


I loved this!!!!

[MelanieGiles]

Very, very funny. Where do you get them from???

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

[catullus]

Heve a look at Myvesta today

http://myvesta.org.uk/articles/articles ... Page1.html

I think that Steve Rhode is starting to lose it!

[BlueShoes]

What a great start to a Monday morning! Smiles all round in the Blue household!
Blue

[Sadsack]

Absolutely brilliant!!!! A good smile on a Monday!!

Sue

Ho Hum! Think I'll bang my drum!

Read My Blog
http://sadsack.blogs.iva.co.uk/

[Adam Davies]

Hi
Brilliant but the TIX position is very worrying.
Regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

[Myvesta-Steve]

Hi All,

Nice to see the thread on my most recent article about how TIX, an unregulated entity, is dictating marching orders to highly regulated insolvency professionals. These orders limit access to debt help unilaterally by creditors.

This is not a point if an IVA is suitable for all. It's clearly not. But a disturbing development that gives creditors nearly total control over who will or won't be allowed access to fair and reasonable debt solutions.

This is a fight to protect consumers and I would encourage anyone and everyone to let the government hear your voice, if you are as disgusted as I am about excessive creditor control, then vote online for for consumer choice. You can see the petition here http://petitions.pm.gov.uk/Access-to-IVAs/ (Mike Reeves an IP started the petition)

Now, as one forum member so astutely noted, I may be losing it but I've seen all of this before in the US and it did not have a happy ending there.

Creditors have basically turned Consumer Credit Counseling Offices in the US into nothing more than commission compensated debt collectors that have no ability to stand up for debtors because the creditors pay them to collect. I witnessed the mess in the US from inside the industry there, I was a board members of a CCCS office, and I have first-hand knowledge about what the marching orders were.

I'm not trying to be extreme or on the fringe with my articles about IVAs at http://myvesta.org.uk/articles/categori ... angements/ but I really think the UK is at a crossroads and if a fight is ever going to be waged about what is or is not fair for consumers, this must be the time.

Steve


----------------------
Steve Rhode
President of Myvesta Foundation
Member Agencies
Myvesta US | Myvesta UK
Myvesta EU | Myvesta NL

Myvesta UK: http://myvesta.org.uk
----------------------

[mish1953]

TIX/TGX
I have had a good browse thru their web site - scary !

I wonder how much they make of their links with their clients ?

I can see that their clients (the credit companies ) are running scared because of the appearance of IVA factories, and I can see why they are pee'd off because they are not getting their dividend until late into an IVA .
Acting for their clients they have or say they have increased the amount of money that they are getting from debtors by 11% .
I can see that they would prefer to have a standardised IVA process ( conveyor belt ) which should reduce costs, I can see that they would like to see the first divided going to the creditors within the first 6 months of an IVA .

TIX seems to have no interest in the debtors - of course they dont- they get paid by the credit companies, they aint doing this for nothing.

What is very , very wrong is that a cartel of companies are IMPOSING their will on to what is supposed to be a legal process, that the debtor who is in difficulty is being forced into a position that is not going to help them.

Rubbish

Please sign the petition - I did

MIsh

[Skippy]

I've just signed the petition.

Yesterday is history, tomorrow is a mystery, today is the present - a gift to make the most of.

View my blog at http://skippy13.blogs.iva.co.uk/

[catullus]

Steve

My apologies for the rather flippant remark!!

I agree with you entirely. The TIX stance is an affront to the basic principal of insolvency that INDIVIDUAL creditors should assess the merit of an offer (whether corporate or personal) and should express their approval or otherwise INDIVIDUALLY.The block votes that we have come to accept totally destroy this concept.

The trouble is that our very own profession put it in place originally, way back when we were convening meetings of creditors for companies.

I'm not sure that the petition will work In fact I'm damned sure it won't. Do you realise that there is a petition on the 10 Downing St website proposing that Jeremy Clarkson should be made PM - and its got 15000 votes!!!

No, the only way that this will get sorted out is for our professional bodies (who up till now have backed away because a large section of our profession depends upon work from the banks) to make a formal complaint to the OFT regarding the cartel status of the TIX arrangement and the price fixing nature of their demands.

Unless we get the regulators to intervene we don't stand a chance and those that think that SIVA's with the lower 50% threshold will save them will be proved wrong. It will only encourage more creditors to climp on to the TIX bandwagon to give them the voting power.

Furthermore, their proposed fee scale reveals exactly what the banks want to acheive. They want to make a whole raft of IVA's uneconomic for IP's to undertake leaving the unfortunate debtor unrepresented and vulnerable to creditor intimidation.As you haave said in your articles it has precious little to do with efficiency.

Finally, sorry for nicking your excellent YouTube video but I thought that the readers and contributors to this forum would appreciate it!!

Keep up the good work.

[Myvesta-Steve]

If anyone here belongs to any other forums or groups and can please help spread the message about the online petition at 10 Downing Street, please do. There is a real chance that if we can get thousands of electronic signatures on the petition that it will actually have an impact.

Please help protect consumer choice to debt solutions by encouraging everyone you can to visit http://petitions.pm.gov.uk/Access-to-IVAs/ and sign the petition.

Steve

----------------------
Steve Rhode
President of Myvesta Foundation
Member Agencies
Myvesta US | Myvesta UK
Myvesta EU | Myvesta NL

Myvesta UK: http://myvesta.org.uk
----------------------

[Myvesta-Steve]

Catullus,

Thanks for the feedback and no worries nicking the video.

While the petition might not have a singular impact, it does give people a way to stand up in public and say "This is not right." Otherwise right now I'm sure the creditors and others are thinking that nobody really cares so they can do whatever they want to.

Steve

P.S. Here are a couple more videos you will like.

http://www.cnn.com/video/#/video/busine ... ruptcy.cnn - Creditors in the US blocked access to bankruptcy and the numbers went down. They claimed that was a victory. Creditors in the UK will claim that people didn't really need access to IVAs becuase the numbers are going down. Same thing.

http://www.cnn.com/video/#/video/busine ... bprime.cnn - The title gives you an idea what the video is about.