We are all at the "sharp end" of debt solutions in general and IVAs in particular and we could be a force to be reckoned with !
The industry is undergoing a fair few changes of late, with new kids on the block as well as old stalwarts leaving. My view of things (bit of a conspiracy theory, but looking more like the reality of the situation every day) is that the IVA world is being, for want of a better phrase, "taken over" by a few "big boys". These big players can, eventually, control the IVA market and the IVA process itself, with support from the creditors. This would leave us in a very weak position with terms and conditions being unfairly interpreted or re-written in creditors favour.
The IVA Industry has it's own "IVA Forum" ... a panel of industry experts, generally accountants and IPs .. who meet to review and revise the commony used Protocols. We, IVA users, should have a voice too -- to put our point of view and voice our concerns.
We need to get together and form a lobbying group, rais eawareness of our concerns and present petitons to the relevant groups and authorities.
Issues range from the issue of completion certificates (Should this be tightened to a defined timescale ? Should IP's canvass for final claims in advance of the final payment date with a set 28 days for response or lose the claim deadline?), though Equity Release (should proposals have to embed the calculation in the agreement, using the Protocol examples?), to Industry Regulation ( Should a debtor be "locked in" with no recourse to mediation or rescue from independant regulators? Should there not be a body who can intervene in disputes and actually get settlement ? ).
What bugs you ? What can we do about it ? Would you join a lobbying group ?
Anything that improves things is great news.
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