Northern Rock creditors meeting today

11 posts Page 1 of 1
Post Reply
 
 

hammy0107

User avatar
Posts: 13
Joined: Thu Apr 24, 2008 3:25 pm
Location:
Post by hammy0107 » Tue Apr 29, 2008 7:39 pm
Quote
Got my creditors meeting on Thursday, fingers crossed, anyway have today found out N.Rock have voted yes to 15 pence in the pound with only a couple of mods. Value of N.Rock debt is £24k out of £102k so still a long way from acceptance but should i be feeling optimistic? Also does the vote have to be 75% of total value of debt or 75% of creditors voting?
Top
 
 

chris.g

User avatar
Posts: 2102
Joined: Thu Oct 25, 2007 10:38 pm
Location: United Kingdom
Post by chris.g » Tue Apr 29, 2008 7:46 pm
Quote
Good luck on Thursday. It's a good result that NR have accepted 15p/£, from what has been previously posted it seems as if they can sometimes be unhelpful when it comes to IVA's and for them to accept a low return may be a good sign.
xx
It's nice to be back......
Top
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:
Post by MelanieGiles » Tue Apr 29, 2008 7:56 pm
Quote
That's great news - and to answer your question the votes are counted on those that actually vote not those that were listed on your statement of affairs but who do not vote.
Regards, Melanie Giles, Insolvency Practitioner
Top
 
 

facingittogether

User avatar
Posts: 1141
Joined: Sat Apr 19, 2008 8:18 pm
Location:
Post by facingittogether » Tue Apr 29, 2008 9:17 pm
Quote
HI HAMMY
GOOD LUCK FOR THURSDAY! A GOOD RESULT THAT NR HAVE VOTED IN FAVOUR!

WILL KEEP EVERYTHING CROSSED FOR A POSITIVE OUTCOME FOR YOU

LOVE BARB X
12 down - 60 to go! woo hoo!
Top
 
 

emma_t

User avatar
Posts: 1833
Joined: Sat Sep 01, 2007 3:32 pm
Location: United Kingdom
Post by emma_t » Tue Apr 29, 2008 10:58 pm
Quote
Positive so far hammy[:)]

Best of luck for Thursday x
Be positive & look after yourself, there are more important things in life than debts....

Best Wishes

Emma x
Top
 
 

hammy0107

User avatar
Posts: 13
Joined: Thu Apr 24, 2008 3:25 pm
Location:
Post by hammy0107 » Wed Apr 30, 2008 9:13 am
Quote
Thank you all.

Maybe i never worded my question very well... What i wanted to know was how the 75% voting worked. If N.Rock own 24% of my debt and they vote Yes, is that 24% towards the 75% or does it go on amount of creditors voting rather than value of debt? i.e if for instance 10 creditors voted of which N.Rock was one does that make N.Rocks vote worth 10% toward the 75%?
Top
 
 

Viki.W

User avatar
Posts: 5647
Joined: Fri Feb 15, 2008 7:34 pm
Location: United Kingdom
Post by Viki.W » Wed Apr 30, 2008 9:19 am
Quote
it goes on percentage of debt. X
If you would like to talk to me about your debt problems, please visit:
http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
Top
 
 

hammy0107

User avatar
Posts: 13
Joined: Thu Apr 24, 2008 3:25 pm
Location:
Post by hammy0107 » Wed Apr 30, 2008 9:21 am
Quote
Thank you. So i am almost a third of the way towards the 75%, fingers crossed. Will let you know how i get on tomorrow.
Top
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:
Post by MelanieGiles » Wed Apr 30, 2008 9:21 am
Quote
The voting at creditors meeting is worked out on the actual levels of debt, but is calculated on the proof of debts submitted for the meeting and not the overall debts - as some creditors may not vote and therefore their values will not count.
Regards, Melanie Giles, Insolvency Practitioner
Top
 
 

Viki.W

User avatar
Posts: 5647
Joined: Fri Feb 15, 2008 7:34 pm
Location: United Kingdom
Post by Viki.W » Thu May 01, 2008 12:26 am
Quote
Sorry Hammy, I kind of gave you duff info there. Good luck for your meeting today, let us know how it goes, Viki X
If you would like to talk to me about your debt problems, please visit:
http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
Top
 
 

angela18

User avatar
Posts: 2668
Joined: Wed Feb 06, 2008 6:04 pm
Location: United Kingdom
Post by angela18 » Thu May 01, 2008 7:43 am
Quote
good luck.. hammy
Ang.. 13 payments in.. WOW, thats over 20% paid!! http://angela18.blogs.iva.co.uk/ well here we go

if you wish for a rainbow... then you have to put up with the rain xx
Top
Post Reply
11 posts Page 1 of 1
Return to “postings for may”