My partner and i are both in the process of having individual IVA due to our current situation, now I am concerned that the amount of money they are suggesting on reflection is too high they are taking nearly every penny of our disposable income. we have very little money available for any emergencies after all expenses are allowed for they are taking over 17.5% of our net income. I am wondering now if bankruptcy maybe a more sensible soulution as 5 years of this i think could result in failure of the IVA anyway. The greed of these companies amazes me and I feel its a bout time they were brought to account with there outrageous interest charges and there eagerness to engulf individuals into more debt. I think we all know what a vicious circle this subject is. I had paid on my cards for nearly 10 years on some, so i feel they have had there money back and more with those interests rates. Why is there not some kind of no claim system in operation ie if you been good payer for most of the time you use the cards. Also the banks and card companies should reevaluate they operate there systems internally.