If creditors dont vote....

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inabitoftrouble

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Post by inabitoftrouble » Thu May 08, 2008 1:16 pm
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Does it mean an automatic yes or no?

Only because my 2 biggest debts are with lloyds tsb (5k and 8k - 2 separate loans) and as my meeting is in just a few hours i'm starting to worry about those ones in particular.
check out my new blog - http://inabitoftrouble.blogs.iva.co.uk/

looking forward to May 2013
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MelanieGiles

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Post by MelanieGiles » Thu May 08, 2008 1:23 pm
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If none of your creditors vote, then the IVA cannot be accepted, so your IP will need to work hard to pull some votes in from somewhere.
Regards, Melanie Giles, Insolvency Practitioner
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cfnc

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Post by cfnc » Thu May 08, 2008 7:24 pm
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Again from personal experience, as long as at least one creditor votes anyone that does not vote is an automatic yes. But if noone votes as in mine your IP needs to chase at least one to vote. My Meeting was adjourned for 4 days to enable my IP to get a vote.

Kirsty
Kirsty
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