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Posted: Tue May 19, 2009 5:17 pm
by indeep
Hi,
What is the average timescale to have an IVA in place?
Thanks
Posted: Tue May 19, 2009 5:22 pm
by mole
If you go to a company with an in-house IP rather than a company who will have to refer you, I would say between 6-8 weeks.
Posted: Tue May 19, 2009 6:13 pm
by ivas4us
I would agree with the above.
Posted: Tue May 19, 2009 10:52 pm
by kallis3
That's what ours took as well.
Posted: Tue May 19, 2009 11:28 pm
by mickyboy
My started my IVA application on 26 March and was accepted on 11 May 2009 a total of 46 days. If you take away weekends, then it was just 32 working days.
Posted: Wed May 20, 2009 6:15 am
by David Mond
indeep wrote:
Hi,
What is the average timescale to have an IVA in place?
Thanks
It also depends on how quickly all necessary information is provided to your chosen IP. ClearDebt has a fabulous reputation of getting proposals turn round very quickly - mickyboy is the testament to that.
Posted: Thu May 21, 2009 12:01 am
by MelanieGiles
It can be done in 24 hours if necessary. And has been many times!
Posted: Thu May 21, 2009 1:07 am
by mickyboy
i also think alot depends on how quickly you provide details when requested. I was already aware of the documents that i need to return after my initial telephone call to Cleardebt. Whilst waiting for the documents to arrive from them, i had got my paperwork ready, so it was a case of checking and signing the forms and returning them the day i recieved them. Most companies can only go as fast as you go in the proposal stage.
Posted: Thu May 21, 2009 5:26 am
by george.c
I would agree with Indeep on this. I started the process on the 13th of January, I provided all information required by return of post and my creditors meeting is today. The only thing that has held up the process for me is not going straight to a company with an IP. If you are just starting this process, then please read the advice on these pages, unfortunatly I got here too late to take this very good advice.
Posted: Thu May 21, 2009 5:49 am
by poppyfairy
Hi George
Best of luck for today! We will all be keeping everything crossed for you
Let us know when you hear - how things have gone!
Try not to stress. I don't know who your IP is - but am sure they are taking good care of you!
Have a good day, and may the force be with you!
Poppyfairy [:)]
Posted: Thu May 21, 2009 5:57 am
by David Mond
Good luck George from me