How many IVAs fail due to the debtor not maintaining payments?
According to figures from Insolvency Services Council, around 30% of IVAs fail. This is not the percentage of propsals that fail to be accepted, by the number of IVA’s that are in place where the debtor defaults on the agreement and alternative payments are not agreed. This figure to too high and in Our opinion reflects to bad debt advice and mis-selling of IVAs. A lot of people are talked into an IVA when they would be better declaring themselves bankrupt or entering into an debt management plan.
