Is it true that it's impossible to get an IVA if Hitachi Finance is the main creditor ?

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Anette.73

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Post by Anette.73 » Sat Jun 27, 2015 7:45 am
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Is it true that it's impossible to get an IVA if Hitatchi finance is your main creditor?
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Foggy

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Post by Foggy » Sat Jun 27, 2015 9:47 am
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If they hold a controlling vote ( by value) and are adverse to IVA's it could be. You need 75% of votes on the day to say Yes.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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Lisa Thomas

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Post by Lisa Thomas » Mon Jun 29, 2015 9:21 am
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You could always call and ask them their criteria...? I would like to think it depends on how attractive the proposals are compare to Bankruptcy but every creditor has a different criteria and I have not had any real dealings with Hitachi to comment specifically about them.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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Dave Bowman

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Post by Dave Bowman » Mon Jun 29, 2015 9:31 am
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Hi

Hitachi vote via Addlestone Keane solicitors and they alawys reject unfortunately.

As Foggy says, you need 75% of the voters to say yes so make sure you know your exact balances!
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I work in insolvency as an IVA Drafter. I've been working in this industry for over 7 years and have seen every scenario you can imagine. I am experienced & knowledgeable in this field, so if I can offer any assistance to anyone, I'll be glad to help.
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The opinions posted in this forum are mine alone and not those of my employer (though I'm sure they'd agree with me!)
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