Creditor Voting

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sblack

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Post by sblack » Wed Feb 13, 2008 4:03 pm
Hi Everyone
Could anyone tell me what experiences they have had with these creditors and how they voted at the meeting?
MBNA, HSBC, Mint, Cahoot, Barclaycard, GE Money (storecards), Bank of Scotland, Hitachi Capital, Paypal Credit Card.
We are offering 39p/£1.
We don't know when our meeting is yet, hopefully the first week in March. Melanie and her team are just finishing our proposal and we should receive it this week.
I would like to add that this forum has been a great support over the past few weeks. When we sat and did the sums and realised the enormity of our situation we did feel that we were on our own and we have been so stupid and burying our head in the sand and not talking to each other about it.
Reading about others experiences has made us feel more positive about the situation and we do know it is not going to be easy but we got ourselves into this mess and we have to get ourselves out of it.
Thanks again[:)]
Last edited by sblack on Wed Feb 13, 2008 4:06 pm, edited 1 time in total.
"Life is too short to wake up in the morning with regrets. So love the people who treat you right, forget about the ones who don’t and believe that everything happens for a reason. If you get a chance, take it. If it changes your life, let it. Nobody said that it’d be easy, they just promised it would be worth it."
 
 

maxdebt

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Post by maxdebt » Wed Feb 13, 2008 4:46 pm
Hi SBlack. Be confident in Melanie and her team I am certain they are putting forward your very best and most realistic & sustainable proposal on your behalf.

We had MBNA as a main creditor but 2 days before the meeting they sold the debt to a group named Max Recovery who then voted YES at the meeting (25p/£ proposal)I have noticed that MBNA seem to do this quite often. My feeble financial brain has no idea why they would do this because I believe they sell it to Max Recovery for around 10p/£. Strange
My thanks to Melanie and her team :)
 
 

Shining

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Post by Shining » Wed Feb 13, 2008 4:47 pm
HSBC voted positively to ours and they were our main creditor.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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