how long for F+F

3 posts Page 1 of 1
Post Reply
 
 

djc_2005

User avatar
Posts: 3
Joined: Tue Apr 08, 2008 4:33 pm
Location:
Post by djc_2005 » Mon Jun 16, 2008 11:46 am
Quote
Hi everyone

I have made an offer of a Full and Final Settlement and the creditors meeting will be over the next few weeks but i wanted to ask, should this be accepted then when does the money have to be paid and how long is it until the debt is all paid up, so to speak, and how long until its confirmed that the IVA has ended?

Many thanks eveyone
Top
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:
Post by MelanieGiles » Mon Jun 16, 2008 3:05 pm
Quote
There is no set timescale, unless the terms of the variation provide for this, but I would have thought that three months would be an acceptable period for things to be properly concluded for you.
Regards, Melanie Giles, Insolvency Practitioner
Top
 
 

Lisa2009

User avatar
Posts: 5411
Joined: Thu Aug 16, 2007 12:17 pm
Location:
Post by Lisa2009 » Thu Jul 17, 2008 4:09 am
Quote
Ours took around 4 months if i remember rightly. Others on the forum have had theirs finalised much faster.
The cheque was paid in immidiately. Hubby drove it to IPs office and delivered it personally.
http://mrsskint.blogs.iva.co.uk/ 'Our Story'


Nil carborundum illegitimi
Top
Post Reply
3 posts Page 1 of 1
Return to “full and final settlements”