A 6 month admin period is built in to standard Ts&Cs as a matter of course. Most firms take a couple of months, some take a couple of weeks. But, a couple take the full 6 months.
Some delay could be down to awkward creditors putting in different claims to thse originally agreed, which has to be sorted out and some to sorting out incorrect allocations of dividends (which sometimes happens) ... but generally the closure is just a matter of going over all the old reviews and making final payments and accounts .
Who is onlineUsers browsing this forum: No registered users and 22 guests
Ask the IVA Experts a QuestionSimply complete form and you will get an answer from our IVA Experts (multiple replies within an hour *)
* Any use of this forum is conditional on you having read and agreed to our terms and conditions.
* If you enter your phone number, Vincent Bond and Co Ltd will give you a courtesy call to ensure that your question has been answered.
* The question will be posted on our forum, we will email you the location