Timewise ... it takes approximately 3 months from initial contact through to acceptance. It seems a long time but its an important time to ensure all is done correctly and your payment level is set correctly.
Proof of income, proof of creditors, bank statements, asset valuations, redemption statements for any secured creditors etc etc.
Once you have decided that an IVA is the right route for you and been advised of the same by a licensed IP then it should take a couple of weeks to put the proposals together (if you are proactive in handing over the information they need) and then creditors have to be given at least 2 weeks notice of the meeting.
So can be done in about a month.
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