How long can a creditors meeting go on for?

Get expert opinion. This is the place for new questions to be posted.
3 posts Page 1 of 1
Post Reply

Jennydunk

Posts: 1
Joined: Wed Jun 13, 2018 10:09 am
Post by Jennydunk » Wed Jun 13, 2018 12:07 pm
Quote
My creditors meeting was set for Monday 11/6 but then adjourned until Tuesday 12/6, again today I have not heard anything so I contacted the company who have said the meeting team are still waiting on creditors? How long can this go on for? I thought once meeting was set that would be the day for a decision? Should I be worried it is taking so long?
Top

Foggy

User avatar
Posts: 33396
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom
Post by Foggy » Wed Jun 13, 2018 12:55 pm
Quote
They can adjourn for up to two weeks --- at least it means that, if there is a glitch, your firm is fighting your corner and chasing yes votes.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Top

Lisa Thomas

User avatar
Industry Expert
Posts: 7759
Joined: Wed Dec 03, 2014 10:26 am
Post by Lisa Thomas » Wed Jun 13, 2018 2:08 pm
Quote
suspend one hour - adjourn as many times as necessary but no more than 14 days between the first and last.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
Top
Post Reply
3 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”