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Bob and Gill
Posts: 65 Joined: Fri Jan 06, 2012 10:35 amLocation:
Interested to know on average how long it takes IVA companies to propose variations for F&F offers?
Adam Davies
Posts: 14596 Joined: Thu Mar 29, 2007 12:21 pmLocation:
Hi
Andam Davies
Michael Peoples
Industry Expert
Posts: 15189 Joined: Mon Nov 03, 2008 12:36 pmLocation:
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It depends on the urgency as often some need called to avoid the IVAs from failing. A few weeks is reasonable and then creditors normally want 28 days notice.
Bob and Gill
Posts: 65 Joined: Fri Jan 06, 2012 10:35 amLocation:
I'm nearly at 3 months, then there will be another 28 days, really frustrating. Feel like a prisoner awaiting parole!!
Bob and Gill
Posts: 65 Joined: Fri Jan 06, 2012 10:35 amLocation:
Is a forthcoming anniversary date likely to have an influence? i.e. Would most IP's prefer to wait until after the anniversary to make any changes?
Michael Peoples
Industry Expert
Posts: 15189 Joined: Mon Nov 03, 2008 12:36 pmLocation:
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That is a possibility because the IP must do the annual report. By combining a variation with the annual report you save time and money so that is likely what will happen.
