I'm a creditor to an individual who has contacted a debt management company and has filed an IVA proposal which includes the monies they owe me.

I've received a shedload of paperwork on the matter and quite frankly think the debtor is taking the absolute - £95 per month for clothing, over £100 on TV, Phone and mobile and a random £160 "you can't touch this fund" per month yet they cannot pay me more than £20 per month!
Does anybody know how these work, I don't really want to agree with the proposal as they have control of the debt however the paperwork seems to suggest I chose the proposal or making them bankrupt which doesn't benefit me at all.