www.iva.co.uk

I was driving to work today thinking about IVAs. And I was wondering whether there are any stats available regarding the % of failed IVAs?

I know when we started the IVA we thought that because everything usually goes wrong for us, we would fail this too. And I think it is the first thing that has really gone right. [?][?]

Although I'm not sure if there are any "official" figures available, I believe that it's normally accepted that around 20% of IVA's fail?

Each IP firm would have differing stats for failed or rejected IVAs. We have very few rejections but there are failures over the term. Again we try and keep these to a bare minimum by offering payment holidays, reductions and other variations but some IVAs do fail and there is nothing that can be done to prevent this.

Thanks for that. x

Hi
I read somewhere recently that figures are still in the 30% mark for failures
Regards

Have a look here:

http://www.insolvency.gov.uk/otherinfor ... s/ivas.htm

follow the link.

Thanks. I will have a good read when I have more time. xx

The major creditor voting representatives quote between 30-40%, from their regular monitoring of cases for their clients.