CCCS have stated publicly that they will be offering IVA's at a reduced cost from most other insolvency practitioners. That is a matter of fact, and it will take them some time to set up and establish their operation. I personally wish them every success with their marketing - and yes they will be charging fees.
The reality of their efforts will result in yet another volume processing operation, merely charging lower fees than the other volume processing operations. Whilst this may seem attractive to creditors at first glance, the majority of creditors I speak to say that costs are not the only issue they consider. The quality of the proposal, its research and presentation - and importantly whether it produces the dividend required by ongoing careful supervision are likely to be just as, if not more, important.
There is already much criticism of volume processing firms, and room for quality new entrants into this marketplace. CCCS will not be able to handle all IVA's in the future, if today's statistics are anything to go by - and of course they need to employ quality, trained and experienced staff who will not be working for nothing.
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
