I have put a full and final offer forward with Payplan. Once they receive the signed proposals, how long should the creditors meeting be and if accepted what is the process?
With Creditfix, it was once paperwork was received they check it and notify the creditors of a meeting. They sometimes allow up to 30 days for a response, then 14-21 days after this is the meeting date. The meeting is then no longer than about 30 mins roughly, and you are informed of the outcome normally on the same day, unless stated otherwise, ie it's a late meeting or last thing on a Friday.
If the f&f is accepted, you'll be notified of how you can pay along with a date of when it needs to be paid by. For us it was within 14 days, and we paid it bank transfer online within a few days of getting it accepted to get it done and dusted !
Hopefully some Payplan clients will be along to add what happened with them too.
Good luck
Started IVA 27th Feb 2012 - Due to complete 27th Jan 2018 !!
Full & Final submitted and accepted 30th March 2015, paid 10th April 2015 - 3 yrs 1 month into IVA
Completion Certificate received- 30th April 2015!!
It should be a miximum of three weeks from when you make the offer to the IP calling a meeting of creditors and usually in variations they ask for four weeks notice.
Offered a F&F through Payplan in March. Constant excuses by case worker, lots to do, this is a legal process, lots of work to be done...... Eventually, I made a formal complaint that they hadn't called a meeting within 28 days of my offer. Meeting finally arranged for the end of AUGUST and offer was accepted.
Rang them the other day day re CC to be told, lots to do, lots of checks, it's with accounts, legal process, we never give estimates of when certificate will be issued, blah, blah, blah. I read stories of other firms issuing certificates within 2 weeks !
No doubt it'll take another complaint to gee them up to issue the certificate. They really are a shower of .......
Hopefully your process will be quicker, but don't hold your breath.
Payplan has suspended all cc's due to concerns around ppi.
You need to push them hard.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
All they have to do is put something on the completion to do with PPI which is what they did with my husband.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
