F&F offer / timescale

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Daleclark89

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Joined: Fri Mar 25, 2022 9:51 pm

Post by Daleclark89 » Thu Apr 21, 2022 4:50 pm
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.

Daleclark89

Posts: 6
Joined: Fri Mar 25, 2022 9:51 pm

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

Foggy

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Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Thu Apr 21, 2022 5:35 pm
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.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

Daleclark89

Posts: 6
Joined: Fri Mar 25, 2022 9:51 pm

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

Foggy

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Post by Foggy » Thu Apr 28, 2022 11:09 am
Thu Apr 28, 2022 9:27 amDaleclark89 wrote:
So I have a creditors meeting set for the 24th May
Good luck for the 24th :-)
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk
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