Hi, we are currently into the 4th year of our IVA's (month 40) and hoping very much that one of us will be below the £5k equity threshold so that one of the IVA's will finish at month 60 (we have a declaration of trust giving my husband a greater share of any equity as he put down a larger deposit). We will almost definitely have equity to deal with for him so a 12 month extension will probably apply. We may be able to get the funds to pay off the final extension year in a F&F from a family member and I was wondering what the timeframe was for calling a creditors meeting for them to consider the F&F once the equity calculation at month 54 has passed. Our timeline is, month 54 is in July so if we wanted the F&F to be considered and hopefully agreed before December, when should we be approaching our IP/creditors with the F&F proposal? I have asked my IP about this but have not received a reply so thought I would put the question to one of you guys!
