Creditors meeting

[whichwaynow]

I had a phone call today from my IP telling me the date of my creditors meeting. Not going to post the the date of it at the moment but it is with in the next couple of weeks.
To be fair to my creditors have not had that many phone calls and most of them have been pleasant. I keep them all up to date with whats going on and most of the people who have called me have put blocks on my account to stop me getting more calls. I try to remember that its a person on the end of the line doing a job and at the end of the day I owe them money. However it is nice not to be called all the time.
What happens on the day of the meeting, how long called it take to find out if its been approved or not ?

[aguise]

Hi which way glad to hear your meeting is arranged. Ask your company what to expect mine told me they would ring within 15 mins of the meeting ending, meeting was at 11 and they rang me 12.15. I would just ask what to expect then if you dont get a call you would know when to ring them.

Ang

Please visit my blog at http://aguise.blogs.iva.co.uk/

[MelanieGiles]

On the day of the meeting, your IP will gather up all of the votes he/she has received via post or fax and work out the percentages of acceptance and rejection. So long as you have a 75% or more acceptance rate, the IVA will be deemed accepted. If not, the IP ought to ajourn proceedings to either try and encourage more creditors to vote, or attempt to change the minds of those who have rejected. Either way you will be informed of their decision that day. You will also need to agree any modifications submitted by creditors, so do make sure that you give them a daytime contact number where they can reach you fairly easily.

Good luck and do let us know how you get on.

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

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

[iva.com]

Hello Whichwaynow,

Congratulations on receiving the date for your creditors meeting. Good luck and, as Melanie said, please let us know the outcome.

Kind regards,
Terry Balfour
IVA.com

IVA.com - Comparing IVA firms by using consumer feedback.

Please rate your IVA firm or Insolvency Practitioner by reviewing them here: http://www.iva.com/submit_iva_review.asp

[Magic]

GOOD LUCK WITH THE MEETING don't worry your IP would not have suggested an IVA if it was not a viable proposal
all the very best