IVA Process - How quick can it be?

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cherrypink

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Post by cherrypink » Wed Jul 02, 2008 8:20 pm
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Presuming that everything goes smoothly how quick can the IVA process be? Does it depend on your IP?

I am still at very early stages of returning my paperwork (all on order!). Just wondering what comes next - if there is a lorra waiting about for things to happen.

*sigh* when your just starting 6-8 weeks feels like a lifetime...
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Adam Davies

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Post by Adam Davies » Wed Jul 02, 2008 8:30 pm
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Hi
I think that once your proposal is ready your IP has to give your creditors at least 17 days notice for a meeting.
I guess the quickest that it can be from initial contact to agreement is about 4 weeks,the average is 8 to 12
Regards
Andam Davies
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Moneystinks

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Post by Moneystinks » Wed Jul 02, 2008 9:38 pm
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Hi we are with Melanie and we contacte her in April and she should have received our signed proposal today - not long really.

We had the added complication that NR is one of our creditors.....
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angela18

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Post by angela18 » Wed Jul 02, 2008 9:43 pm
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we got in touch with melanie in february and everything was accepted 28th april.. took a while for us to get all info together

but from melanicompleting proposals was about 16 - 17 days
Ang.. 13 payments in.. WOW, thats over 20% paid!! http://angela18.blogs.iva.co.uk/ well here we go

if you wish for a rainbow... then you have to put up with the rain xx
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MelanieGiles

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Post by MelanieGiles » Wed Jul 02, 2008 9:55 pm
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I try to work on 6-8 weeks from the receipt of a complete set of documents, but this can be shorter or longer depending upon the complexity of the case.
Regards, Melanie Giles, Insolvency Practitioner
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