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Posted: Mon Dec 08, 2008 7:41 pm
by n958g
Hi - quick question....i've just sent all my statments etc to my IP for them to draft my proposal. How soon can i expect a creditors meeting to take place?
Posted: Mon Dec 08, 2008 7:45 pm
by kallis3
I wouldn't think it will be too long.
My whole process was about 8 weeks from the very start until the meeting.
Posted: Mon Dec 08, 2008 7:45 pm
by freelili
It depends how complicated your case is and how long it takes for all the info to be recieved. There is also the number of people an IP is dealing with at any given time and the climate in the country. I think many state 6 to 8 weeks from initial contact to creditors meeting, so not too long to wait now.
Posted: Mon Dec 08, 2008 8:39 pm
by MelanieGiles
If your paperwork is complete, it should not take the IP more than a couple of weeks to finalise everything and then call a creditors meeting. I find that the longest timescale is actually gathering up the information from my clients - as often they have to wait for things from the creditors, or property valuations etc.