Your Ip will send your proposal off to the creditors for them to make their decision as to accept or decline. They will then send their vote in before the meeting. These meetings are very rarely if ever attended by creditors,it is done by post or fax. You will need 75% of the creditors pro rata to the debt for acceptance.
All the very best from me. Keep us informed of how things go.
Ang
Last edited by aguise on Fri Feb 06, 2009 7:30 am, edited 1 time in total.
Aguise is right. Your creditors might want to suggest some modifications so it is useful for your IP to be able to contact you on the day of the meeting to discuss. I am not saying that there will be modifications only that there might be. Good luck.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
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