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Posted: Mon Jul 21, 2008 6:10 pm
by john.jk
Please could you tell me if the final decision to accept / reject an IVA proposal is done at the iva meeting or will it take a few days ?
Thank you
Posted: Mon Jul 21, 2008 7:15 pm
by MelanieGiles
A creditors meeting is convened for a specific date in time when it is hoped that creditors will get together to either accept or reject the proposals. Those proceedings can be adjourned for up to 14 days from the date of the meeting to allow for further negotiation with creditors if this is deemed necessary. Most of my meetings seem to be finalised on the same day, but I cannot say whether this is generally experienced.