F&F Accepted, but 6 months to close??

[sonny100]

Hi there all,

So, our creditors meeting was this morning, and our offer was accepted (hooray!). But when I was talking through the next steps with Grant Thornton, they told me it could take up to 6 months to complete!!

Apparently, after we've sent them the funds and paperwork, it could take up to half a year to get the Certificate of Completion to us, due to them having to "distribute the funds and other admin bits".

Is this normal?? Is there any way that I can speed this up?

I thought we were nearly over, I cannot see how this final stage can take so long!

Any advice would be appreciated!

[kallis3]

Hi, congratulations on your offer being accepted.

The six months is quite normal and it may be longer as there has been a problem over VAT so there will be a backlog.

[sonny100]

That's crazy! Six months!?

I just want to get on with my life and forget the last three years ever happened! But no, they're going to leave me dangling at the end of their line a little longer!!!

Massively annoyed at them right now. I was not told that it would take this long at any point in the last three months (which is how long it's taken to get to this stage after we initially made the offer!!)

[kallis3]

I'm afraid we have several.posters at the moment who finished their ivas over a year ago and are still waiting.

[MelanieGiles]

I think that you need to ask them exactly what is still left to do on your file. Closing a case is relatively simple, although most IPs have backlogs at present due to the Paymex issue.

[Struzzo39]

Congrats on your acceptance x

[markiboy]

Congrats also. Not good news as I have a telephone meeting tomorrow with GT what qestions do they ask you??? And once accepted how did you send the payment??? Are you still paying them for the 6 months or after they have received the payment does the DD stop??? Sorry so many questions but any help please as usual would help the stress. Not looking forward to 6 months wait if accepted!!!