Timbercorp's liquidator, KordaMentha, had been serving up to 70 writs a week in December before it halted the process for a month during the New Year period.

It estimated it would serve 150-200 writs in the next two weeks, as it races to call in a remaining 873 loans before a statute of limitations period expires in April.

Many investors face bankruptcy and the prospect of losing their homes because of the loans, which have ballooned to a total of $394 million because of accrued interest and penalty rates.

Several writs were registered with the Victorian Supreme Court on the day before Christmas despite the respite. However, a spokesman for KordaMentha said these had not been served and were only registered with the court because of statutory obligations.

Timbercorp victim Naomi Halpern said the lifting of the reprieve would be hard on investors fighting to get ANZ and other creditors to cancel loans. 

"People will be starting to feel the pressure, knowing that writs are going to be served again."

Many victims were looking to a second hearing in the Senate inquiry into forestry managed investment schemes, due in March, for creditors to respond to concerns, she said.

"We are really keen for that second Senate hearing to take place. A lot more information will come to light and we will know what the recommendations from that will be."

Some Timbercorp investors maintain they had no knowledge of the loans, which were set up by their financial advisers or accountants.

Timbercorp, one of Australia's largest forestry investment schemes, collapsed in April 2009 leaving debts of $750 million.

ANZ was the main bankroller of Timbercorp's lending arm, Timbercorp Finance.

KordaMentha, which has so far collected $23 million in fees from the liquidation, said on Friday it was unable to extend the reprieve because of its obligations to recover the loans before April.