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Posted: Mon Aug 09, 2010 7:59 pm
by canary joe
how long does it take to set up an iva?
Posted: Mon Aug 09, 2010 8:20 pm
by MRBLUESKY
hi pete welcome to the forum,it depends on your circumstances and the ip company you decide to go with.has a rule of thumb between 6 and 12 weeks.
Posted: Mon Aug 09, 2010 9:10 pm
by kallis3
On average it's usually 6-8 weeks on average.
If you've not already chosen a company then I suggest visiting
www.iva.com for a list of companies and reviews. Give one or two a ring and you will receive free and impartial advice as to all the options open to you.
Posted: Mon Aug 09, 2010 9:17 pm
by Shining
Welcome to the forum from myself too, with all paperwork to hand it won't take long at all hopefully and you'll soon be on the way to debt freedom. A good link provided by Kallis if you've not already chosen your IP. x
Posted: Mon Aug 09, 2010 9:34 pm
by MelanieGiles
It can happen within 24-48 hours if there is an urgent need, and all of the paperwork required by the IP is to hand - however you need to bear in mind that once the proposals are signed at least 16 days notice of the creditors meeting will need to be served.