Tomorrow is D Day!!!!

[Simbel]

Good luck for today. Keep us posted!

[Shining]

I'm logging off now for a while but will pop back later this evening, all the best x

[plasticdaft]

Any news yet???

[briggadeen]

Thank you all for your best wishes.

I'm a bit disappointed, only 1 of our creditors have actually voted - so we weren't given a yes or no. They said they will have 14 days to try to get everyone to respond.

But now I am very nervous, what's next? And if they don't vote we can't have an IVA???

Please help. [:(]

[Shining]

Your IP will work hard to get some more votes in and they will be there every step of the way to advise you what next if it comes to that. Try and stay positive a lot can happen in 14 days.

Not the result you wanted but hang in there. x

[Julie]

That must be disappointing, hopefully your IP will be working hard to get those votes in.

Maybe the professionals can say what happens if no-one votes - I wouldn't have thought that will happen.

Try to keep positive and remember you can post on here for support.

[plasticdaft]

What Insolvency firm have you used??

Pretty poor result and a bit of a waste of time. Lets hope your IP gets his or her finger out and starts drumming up some votes.

This does happen quite a lot so dont panic.

Paul

[briggadeen]

Its very frustrating as obviously we have given them the best 'deal' that we can, otherwise we will have to go bankrupt and they won't recieve anything.

I know that 75% of your debt has to agree to the IVA, but even while reading this forum I haven't come across anyone not getting enough votes.

[briggadeen]

We're with Grant Thornton and to be honest I feel they could be doing more. My contact there was off today and normally he is very helpful but I think they couldn't care less.

Maybe I should start filling out these bankruptcy forms?

[Julie]

If you have to go BR, at least you know you've done your best and it will be the creditors fault.

Speak to your IP and find out what their next step is, let them know BR is an option for you and hopefully these creditors will see sense.

No harm in starting on the forms and we'll help you with any queries xx

[briggadeen]

Julie if I am honest I don't want to go bankrupt - we haven't told anybody about our situation and I'd rather keep it that way. And try to make some dent in our debt by paying the IVA

Our proposal was done to show the creditors what they would recieve if we entered into an Iva and they would get a big fat zero if we went for bankruptcy. So I'm going to start adjusting to this idea!! (I'm going to have to)

[Julie]

If its any consolation ( and I understand its probably not) my hubby went BR after greedy creditors refused a variation. At the time we thought it was the end of the world, but its all worked out.

Don't give up hope, your IVA still has a very good chance.

[plasticdaft]

Always remember that BR isnt as bad as you think,and if you are prepared to go BR instead then thats a handy tool when talking to your IP. I cant understand why your IP arranged a meeting for a day when they are not working???

[plasticdaft]

What Insolvency firm have you used??

Pretty poor result and a bit of a waste of time. Lets hope your IP gets his or her finger out and starts drumming up some votes.

This does happen quite a lot so dont panic.

Paul

[MelanieGiles]

If one creditor has voted, and assuming that they have accepted the proposal, them why have the IVAs not been deemed accepted? It is the case that there is a vote in one case but not the other? If so, this is very unusual.