how the creditors voted

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Post by KLG2002 » Thu Oct 02, 2008 2:03 pm
Hi all,
I have just received my chairmans report and this is how they voted
A&L-C/C (£11,128) YES
Lloyds TSB-Loan (£7,818) YES
Lloyds TSB-C/C (£5,458) YES
Lloyds TSB-O/D (£3,216) YES
Halifax - C/C (£4,083) YES
Capitalone- C/C (£7,022) YES

Barclaycard (£1,220) NO
GE Money-storecard (£932) NO

Argos- Store & C/C (£2,892) DIDN'T VOTE
HFC(now MBNA) C/C (£6,808) DIDN'T VOTE

Variations imposed by creditors regarding Fees (not sure if this will be of any interst to the IP's on this forum were

-Nominee fee must not exceed £1,500 excluding VAT
-Supervisor may only draw fees once the nominee fee has been paid
-Supervisor fees may not exceed 15% asset realisations
-Creditors are to receive dividends from Month 5
-Total cost of fees, disbursements (inc variation meetings) must not exceed the total of the nominees fees and supervisor fees as set out above or £12,500 inc VAT
The above variations now means the creditors now will get a dividend of 29p-£1 instead of the proposed 26p-£1
Doesn't really mean much to me [:p]

Anyway it is good to see the acceptance in writing and it surprises me that HFC/MBNA who were real aggressive with phone calls and letters didn't even bother to vote (but I am quite happy that they didn't)

Hope the above helps someone




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Post by Viki.W » Thu Oct 02, 2008 2:21 pm
That's good information for the forum KLG, congratulations again. X
If you would like to talk to me about your debt problems, please visit:
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