Under what circumstances would final variation meeting be adjourned ?

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Alan.mm

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Post by Alan.mm » Sat Apr 19, 2014 11:29 am
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Final variation meeting has been adjourned at request of creditors to allow them more time to lodge their votes. Under what circumstances would this take place as this is holding up finalising the Iva
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seagulls

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Post by seagulls » Sat Apr 19, 2014 7:39 pm
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Sorry I can`t help but hopefully one of the experts will come along soon.
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Michael Peoples

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Post by Michael Peoples » Sat Apr 19, 2014 9:41 pm
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It is not uncommon for some variations to be adjourned if creditors did not receive the proposals or have no time to vote. You should be fine.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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MelanieGiles

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Post by MelanieGiles » Sat Apr 19, 2014 11:42 pm
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There are many reasons which could lead to a request for an adjournment, but this cannot delay matters for more than 14 days, so hopefully your closure will not take too much longer.
Regards, Melanie Giles, Insolvency Practitioner
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