RE VOTING

4 posts Page 1 of 1
Post Reply
 
 

kieranandmegansmum

User avatar
Posts: 102
Joined: Wed Nov 14, 2007 7:39 pm
Location: United Kingdom
Post by kieranandmegansmum » Thu Dec 13, 2007 8:27 pm
Quote
DOES THE 75% HAVE TO BE IN VALUE OF THE DEBT OR IN NUMBER OF CREDITORS

S WARD
S WARD
Top
 
 

Martin2011

User avatar
Posts: 339
Joined: Sun Dec 09, 2007 11:32 am
Location:
Post by Martin2011 » Thu Dec 13, 2007 8:38 pm
Quote
Pretty certain it's the value of the debt, but I'm sure someone will be along shortly if I'm wrong...

Martin
Top
 
 

aguise

User avatar
Posts: 3907
Joined: Tue Jan 23, 2007 11:24 am
Location: United Kingdom
Post by aguise » Thu Dec 13, 2007 8:46 pm
Quote
It is the percentage of debt. So if the debt is £100,000 and you owe them 25,000 then they hold 25% of the debt.

Ang

Please visit my blog at http://aguise.blogs.iva.co.uk/
Please visit my blog at http://aguise.blogs.iva.co.uk/
Top
 
 

Adam Davies

User avatar
Posts: 14596
Joined: Thu Mar 29, 2007 12:21 pm
Location:
Post by Adam Davies » Thu Dec 13, 2007 9:18 pm
Quote
And it's worth remembering that it is 75% of debt owed to creditors that vote on the day that you need the yes from.Not all creditors will vote.
Regards

Andy Davie
IVA.co.uk Spokesperson and Website Manager

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
Top
Post Reply
4 posts Page 1 of 1
Return to “new postings for December”