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F&F offer / timescale

Posted: Thu Apr 21, 2022 4:50 pm
by Daleclark89
Hi people, first of all this forum has been a life-send for me. The advice is great.
I submitted a F&F proposal 28th March over the phone with Hanover. The money was kindly offered from a friend on the understanding it was to clear my Iva. The 3rd party’s details/documents were sent in on the 31st. I called a week later to ask if they had received these, due to non response of emails.
I thought I would log this on here to give others the idea of the time scale.

Re: F&F offer / timescale

Posted: Thu Apr 21, 2022 4:52 pm
by Daleclark89
Sorry I forgot to add I offered 100% of the remaining payments, at the time of the proposal

Re: F&F offer / timescale

Posted: Thu Apr 21, 2022 5:35 pm
by Foggy
The usual timescale would be around 3 months from start to finish. However, the clock doesn't start ticking until the IP has received everything they require. From that time they are supposed to produce the proposal for agreement within 21 days. Then, when they circulate this to creditors, they need to give 28 days notice of the proposed meeting.

Let's see how they do. Best of luck.

Re: F&F offer / timescale

Posted: Thu Apr 28, 2022 9:27 am
by Daleclark89
So I have a creditors meeting set for the 24th May

Re: F&F offer / timescale

Posted: Thu Apr 28, 2022 11:09 am
by Foggy
Thu Apr 28, 2022 9:27 amDaleclark89 wrote:
So I have a creditors meeting set for the 24th May
Good luck for the 24th :-)

Re: F&F offer / timescale

Posted: Thu May 26, 2022 6:32 pm
by Daleclark89
my offer was accepted on the 24th May (though I had to chase it up as nobody bothered to contact me)
I have made the payment today of £8,500. So feeling really happy.
I was advised that the completion certificate would take 10-12 weeks,
so I'll keep that date in mind and update the post

Re: F&F offer / timescale

Posted: Thu May 26, 2022 7:17 pm
by Foggy
Congratulations .... let's hope they keep up the momentum.

Re: F&F offer / timescale

Posted: Mon May 30, 2022 7:14 pm
by Daleclark89
thanks foggy:)

Re: F&F offer / timescale

Posted: Tue Oct 11, 2022 12:48 pm
by Daleclark89
So I have finally got my completion certificate dated 10/10/22

Re: F&F offer / timescale

Posted: Tue Oct 11, 2022 1:40 pm
by Breezy
Took a while -- but you have got there in the end. Congrats !