Length of time before creditor meeting

[newbe]

Sent proposal pack back to IP, he says that meeting will be in 16 or so days time. Sound about right??.

[Adam Davies]

Hi
Yes it does
Most probabaly be 21-25 days
Regards

[angela18]

we got ours about 17 days afterwrds

[emma_t]

Hi newbe

This can vary from IP to IP, I would suggest asking your IVA provider when they will call your meeting.
Its usually from 14-28 days I believe as creditors have to be given time to look at the proposal and vote.

Good luck
Emma x

[Cybus]

Would you know if your IVA is supposed to be Simple Consumer IVA protocol compliant?

If it is then I believe you should be looking at a minimum of 23 days. In entering in to the spirit of the IVA Protocol, the creditors are supposed to be submitting their proxy votes at least 7 days in advance of the meeting. In order to do that, they need to have it 16 days prior to the date they submit their proxy.

[MelanieGiles]

I don't work on that basis Cybus - the legislation states 14 days notice, with three days deemed to be best practice for posting. The protocol means that creditors merely need to get their act together a little quicker - and from what I am seeing they have certainly done so.

[newbe]

Thank you once again, meeting is likely to be 20th of may, just found out, prayer mats at the ready!!!, regards

[facingittogether]

hi newbe!

the 20th will be here before you know it - i will be rooting for you, am sure it will be just fine!

if it makes you feel better i will pray for you as well lol!

barb x

[newbe]

Thank you fellow prayer types!![:)]