Time for full and final meeting with creditors ?

Get expert opinion. This is the place for new questions to be posted.
3 posts Page 1 of 1
 
 

pavel33

User avatar
Posts: 165
Joined: Wed Sep 17, 2008 7:45 pm
Location: United Kingdom

Post by pavel33 » Mon Aug 05, 2013 10:16 pm
Is it normal/reasonable for an IP to advise that it will take a minimum of three months for a meeting with creditors to be arranged/take place following receipt of a full and final offer ? - particularly the implication that it will take longer.
 
 

Foggy

User avatar
Posts: 33396
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Mon Aug 05, 2013 10:23 pm
The creditors require 28 days notice, so that is one month taken care of. My F&F took 6 weeks to arrange, but was surprisingly quick.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
 
 

pavel33

User avatar
Posts: 165
Joined: Wed Sep 17, 2008 7:45 pm
Location: United Kingdom

Post by pavel33 » Mon Aug 05, 2013 10:45 pm
I expected it would take time to arrange, but a minimum of three months seems excessive - I'd expected by offering a F&F this week I might have had everything finalised by the end of September...not by mid November at apparently the very earliest.
3 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”