www.iva.co.uk

Hi
I was invited,alongside Melanie and her business partner Philip Gill to meet Martin Prigent,Head of Insolvenct Relations at TIX in Nottingham yesterday.
Have a look at my blog for more details
http://andydavie.blogs.iva.co.uk/
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

It was a very useful meeting, Andy and helped me as a professional to get a better perspective of the lending industry's current view of consumer debt insolvency.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

Well done Andy for getting some answers to questions and putting forward the other side to the argument.
Rainbow

Every Cloud has a silver lining. At the end of the Rainbow is a Pot of Gold - Or Hope!

An interesting post Andy but there is one fundamental flaw in what Matin Prigent told you relating to low DI IVA's.

His view is that the high DI IVA's (£1200, I wish I saw many of those) which are highly profitable will subsidize the low DI IVA's (sub £200) which are probably loss making.

Leaving aside the interesting question why two completely separate cases should be linked financially (one subsidising the other) isn't the IP simply going to accept the £1200 case and decline the £200 case?

Answers on a post card please to TIX in Nottingham!

Hi
Well that was my point but I'm assured that they still get many low value cases and have not notices a slow down of these cases.Melanie also assures me that she still takes on low value case
There gain not all IPs are like Melanie !!!
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

Hi Catallus

I share your concerns about this - and this was raised with TIX during our meeting. It is clear that they are basing their views on mixed practices who take both low and high contributions work.

I am continuing to take on work with contributions as low as £250, and in principle have no problem with percentage basis of realisations - after all we have been doing this for years on the OR's scale - but I take exception to the nominee's fee being based upon the debtor's ability to pay. I feel that this point was taken on board, but at the moment I feel that the GT modifications regarding fees are a lot fairer - ie fixed fee for nominee work with percentage based realisations on the whole contributions or not 55 or 56 months worth.

Clearly we need that BBA and Insolvency Service protocol as soon as possible - but I do wonder if they will leave the fee structures to creditors rather that cause more controversy. And whilst other creditors are continuing to exercise fee capping, it is no wonder that we are all a bit confused.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

Andy,

Sounds like a very constructive meeting. I have we-mailed Martin Prigent asking for an opportunity to present our policy to TIX.

John Tegg
www.asu4iva.co.uk
0845 673 9999

We will make all your IVA payments for you if Accident or Sickness stops you paying them yourself.