I have rec'd all the paperwork for my IVA which was agreed on 24th June. A bit slow but it's here now. A word of advice to anyone doing the same - check all your IP's calculations all the way through the process. Don't be afraid to challenge them on anything - it's your proposal. My proposals were riddled with errors and I had to make corrections galore. I now have to send the Chairman's minutes back unsigned because my IP has made another error. Ho hum...
Anyway the votes were in favour from Lloyds (major cred), HSBC, Barclaycard, Abbey National and HFC bank. The only one against was Egg and I'm glad about that coz they were a pain and now they have to toe the line
My IP had advised that the wording of the property modification "A valuation must be obtained in year 4..." could be very advantageous, as he reckons I could get the valuation done at the very start of year 4 and if I obtain a re-mortgage as requested then the IVA will end. Thus I could be out of it in little over 3 years!!
I'll keep you posted with the ups and downs along the way.