my iva has accepted.i really didn't think it would

[iva experts]

Good luck Sue.
Let us know how it goes.

Hope this information is of use

Regards. IVA Experts

[sue h]

phoned them as we have about twenty creditors only two voted no.so have to phone back later today.really don't know what to do.why did only two vote

[Oliver]

I think the short answer Sue is that many are just too busy to vote on each proposal. It is actually quite usual for a small number of creditors to vote the first time around and if needs be your IP can contact your other creditors and will usually have connections within the different companies whom they can contact in order to obtian a vote.

Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp

[sue h]

been put back a week as they need more votes or something.i don't understand it properly

[Oliver]

I think what has happened is that your meeting has been adjourned. This is likely to be becasue your IP hasn't been able to secure enough votes for your proposal due to a low number of creditors voting. The good news is that this often happpens in an IVA proposal and your IP will now been working to secure the necessary votes to get your proposal through. As I said this happens in many IVAs so you shouldn't worry yourself too much over it. I understand that ideally you would have had a big YES result today but keep hanging on in their and trust your IP to work on your behalf.



Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp

[zoe]

Hi there
I am confused.
If 2 people voted yes isn't that ok?
Zoe
x

[Oliver]

Sue, why not give your IP a call and say that you are not sure of what is happening.

Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp

[zoe]

Please ignore me - i mesread the thread!
Zx

[sue h]

i have.barclays is a big bit of about 25 thousand and they said they didn't receive papaers and halifax bank of scotland are the same and voted no as my hubby had a gambling problem three years ago but hasn't done any since.so i don't know what to do.if barclays vote yes i think we will be ok

[ivoriva]

Sounds like you are going through what happened to me. They ended up adjourning it for two weeks and I had to give some major concessions but they got a certain group to vote in favour at the last minute which made the difference. Hopefully something like that will happen for you.

[sue h]

thanks for your reply i hope it goes through i really do

[MelanieGiles]

As Oliver says your meeting has been adjourned to allow the IP to rally some more support for you from the non voting creditors. This is quite normal, and they do know what they are doing. Have faith and I am sure that it will all work out for you in the end.

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

[sue h]

i really hope so as i feel like a real failure at the moment

[Sensible77]

I may be misunderstanding this but if 2 voted no and the others didn't vote aren't the none votes counted as agreeing?

[aguise]

If they had been yes votes but as they were no it doesnt work like that . The ip needs to get yes votes as a majority to get the iva through.
Correct me if wrong.

Ang