I am interested to read your IPs advice here 2year2go. What do they mean by any lower offer than 35p in the £ not being acceptable, were your circumstances to change? This is certainly not my experience in the thousands of IVA proposals I have acted in over the last 15 years.
Hi, they were basically saying that any change to my agreement which meant the p/£ from the original agreement what not reach (or to be very close to) would not be accepted by creditors as any reduction would have to be put to a vote (which they said a large associated creditor would not have a vote in and therefore the single biggest creditor, bank, would just have total control).
I had asked as I wanted to / had to change jobs which would result in a much lower income (4-5 hour a day commuting for 10 years...) Looking for London salary in Kent was never going to happen.
It was then I also found out that the IP would charge me directly £750 to redo any proposal. In the end, I did change jobs, took the hit and kept the contributions going.
