creditors meeting on 19 November

[sostressed]

what exactly happens in these meetings

[MelanieGiles]

Do you mean creditors meetings?

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

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[sostressed]

yes creditors meeting, does my IP try to get the the creditors to whom I owe the least amount to to vote yes - just confusing

[Adam Davies]

Hi
Your IP try's to get all your creditors to vote yes,especially the larger ones.You will need 75% yes votes on the total debt owed that vote on the day. So if creditors who you owe 50k to vote on the day you will need a yes vote from those holding more than £37500 worth of your debt.
There is no actual physical meeting of creditors,it is all done by post/fax
Regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

[iva.com]

Hi There,

Good luck for your creditors meeting on 19th Nov. Please let us know how it goes.

Kind regards,
Terry Balfour
IVA.com

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[iva experts]

Hi sostressed,

Well Done for gaining a creditors meeting date, as Andy has stated it is not an actual physical meeting where all the creditors turn up and talk about how much money you owe them, it is all done by letters and phone calls etc.

Best Regards,
IVA Experts
http://www.iva-experts.co.uk/