well today is the day, i've just decided to go down the iva route as dmp is not working for us. all paperwork sent today, can anyone tell me how long it takes usually for the proposal to be sent. I am a little inpatient as creditors are now threatening court and house visit
First of all, don't worry about the house visit - they very rarely happen and you are not obliged to even answer the door, let alone speak to them.
A typical length of time is 8 weeks, but it can take longer. If you speak to your creditors in the meantime, tell them you are in the process of applying for an IVA. Your IVA provider should be writing to them and informing them as well.
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
If you have an existing DMP, and the company managing this for you can send your chosen IP details of your debts from their file, there is no reason why an IVA cannot be established within one month - including the 16 days notice required for the creditors meeting. However I would have to caveat this comment by stating that the ball is in your court with regard to providing the information required. The quicker it is received, the quicker the offer can be made to creditors.
