Hi ... I read it that they have to give creditors 28 days notice of a meeting to consider a full and final offer, however this won't be until they have processed the report to creditors outlining the proposal which will take up to six weeks by the company.
Its a similar timeframe as to the initial set up of the iva and creditors meeting.
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
But this is wrong. They only have either 21 or 28 days to send the creditors notice of the meeting - see your terms as to which it is. This is not 6 weeks.
So 21 to call plus 28 notice = 49 days
or 28 to call plus 28 notice = 56 days.
Check your terms and remind them they are breach if they are going to wait 6 weeks...
Is the six weeks to do with the proposal being sent out though? If that hasn't been sent out then the 28 days will start from the time the proposal is sent back.
That's the way I understand it.
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
