Thanks Steve.
My residual debt is 350k after selling properties. I could probably offer up to 50k.
Not sure if this would be considered satisfactory.
I also could leave my job to make myself unemployed if that would strengthen my case.
Although an iva would obviously effect my credit rating - which given my line of work may impact employment prospects in the future.
So my preference would be they just take the 50k as in informal agreement and leave my uk credit rating intact.
Is there any reason why the bank wouldnt just take the 50k informally and let that be that - as opposed to taking it via an iva and destroying my uk credit rating in the process I wonder ?