offer is 26p in the pound

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gavin

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Post by gavin » Sat Jul 28, 2007 2:27 am
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hi how are we all doing this is going fast its bin 2 week and my ip don my offer its 26p in the £ I O BARKLES most of the money about £56000 of the 80000
Empty pockets never held anyone back. Only empty heads and empty hearts can do that.
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Adam Davies

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Post by Adam Davies » Sat Jul 28, 2007 12:10 pm
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Hi Gavin
Well good luck with your creditors meeting.There have been cases recently where Barclays have not voted at all,even when they have held the majority vote.
Regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp
Andam Davies
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hara

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Post by hara » Sat Jul 28, 2007 1:18 pm
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How much debt do you have?

hara
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gavin

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Post by gavin » Sat Jul 28, 2007 10:06 pm
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gavin wrote:

hara its £80k
Empty pockets never held anyone back. Only empty heads and empty hearts can do that.
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gavin

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Post by gavin » Sat Jul 28, 2007 10:19 pm
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hi what happens if Barclays do not voted ?
Empty pockets never held anyone back. Only empty heads and empty hearts can do that.
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YummySheep

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Post by YummySheep » Sun Jul 29, 2007 2:09 am
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You need a 75% majority (in value) of voting creditors for your IVA to be aproved. If Barclays don't vote but 75% in value of the creditors that do vote, vote in favour, your IVA will be approved.
With one creditor having that high of a share in your total debt, i'm sure your IP must think that it has a good chance of being approved by that creditor. Try not to worry too much.
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gavin

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Post by gavin » Sun Jul 29, 2007 2:19 pm
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YummySheep wrote:

You need a 75% majority (in value) of voting creditors for your IVA to be aproved. If Barclays don't vote but 75% in value of the creditors that do vote, vote in favour, your IVA will be approved.
With one creditor having that high of a share in your total debt, i'm sure your IP must think that it has a good chance of being approved by that creditor. Try not to worry too much.
thihks [:)]
Empty pockets never held anyone back. Only empty heads and empty hearts can do that.
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