how long does it take to set up an iva?

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

canary joe

User avatar
Posts: 5
Joined: Tue Aug 10, 2010 6:55 pm

Post by canary joe » Mon Aug 09, 2010 7:59 pm
how long does it take to set up an iva?


User avatar
Posts: 2870
Joined: Tue Jun 02, 2009 11:04 am
Location: United Kingdom

Post by MRBLUESKY » Mon Aug 09, 2010 8:20 pm
hi pete welcome to the forum,it depends on your circumstances and the ip company you decide to go with.has a rule of thumb between 6 and 12 weeks.


User avatar
Forum Expert
Posts: 77170
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Mon Aug 09, 2010 9:10 pm
On average it's usually 6-8 weeks on average.

If you've not already chosen a company then I suggest visiting for a list of companies and reviews. Give one or two a ring and you will receive free and impartial advice as to all the options open to you.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.


User avatar
Posts: 27019
Joined: Thu Sep 20, 2007 8:57 am

Post by Shining » Mon Aug 09, 2010 9:17 pm
Welcome to the forum from myself too, with all paperwork to hand it won't take long at all hopefully and you'll soon be on the way to debt freedom. A good link provided by Kallis if you've not already chosen your IP. x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.


User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am

Post by MelanieGiles » Mon Aug 09, 2010 9:34 pm
It can happen within 24-48 hours if there is an urgent need, and all of the paperwork required by the IP is to hand - however you need to bear in mind that once the proposals are signed at least 16 days notice of the creditors meeting will need to be served.
Regards, Melanie Giles, Insolvency Practitioner
5 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”