Hi All. I put forward an amount for a Full and Final settlement in February. I received a letter saying the creditors had 35 days to reply. Today I received a letter saying the creditors had not replied and the proposal has ben re-submitted. Do the creditors not have to reply? What happens if they don't reply this time? Thanks, Vanessa.
I've not heard of that before. I'll just bump this back up so that one of the professionals can see it and advise.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
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Interesting point. If it was my firm that had put this to your creditors and there had been no response from anyone I would chase round just to get one vote.
Ask your IP to do so.
Who is the firm or IP doing this for you?
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.