companies that vote on behalf of creditors

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fuzzy_dunlop

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Post by fuzzy_dunlop » Thu Sep 18, 2008 8:11 pm
how does that work

looking through the iva paperwork i have i noticed one of my creditors has another company representing them come voting day

however the same company also do iva's for debitors

is there not a conflict of interests here or am i talking my usual baloney [:I]
 
 

Viki.W

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Post by Viki.W » Thu Sep 18, 2008 8:15 pm
Is it Grant Thortnon?
If you would like to talk to me about your debt problems, please visit:
http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
 
 

fuzzy_dunlop

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Post by fuzzy_dunlop » Thu Sep 18, 2008 8:16 pm
yes
 
 

Viki.W

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Post by Viki.W » Thu Sep 18, 2008 8:18 pm
Yeah, I find this confusing too. I would have thought that they could not vote for their own client though. Maybe one of the professionals can help us with this one.
If you would like to talk to me about your debt problems, please visit:
http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
 
 

fuzzy_dunlop

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Post by fuzzy_dunlop » Thu Sep 18, 2008 8:26 pm
im not with gt but i was wondering how they can do both but now you mention it what happens in the situation where a debitor is represented by an ip who also can vote for a creditor you owe money to.
 
 

MelanieGiles

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Post by MelanieGiles » Thu Sep 18, 2008 10:40 pm
They have a very firm "Chinese Wall" which is built between the team proposing the IVAs and the team voting for creditors. In fact the other day I was talking to one of the managers there, who was telling me that they were really getting a hard time from one of the creditors that their other team was voting for. There is absolutely no hint of a conflict of interest in the well-established and very professional company.
Regards, Melanie Giles, Insolvency Practitioner
 
 

Viki.W

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Post by Viki.W » Thu Sep 18, 2008 10:42 pm
That's good to know Melanie. X
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