Vacation meeting

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Southuk

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Post by Southuk » Mon Dec 02, 2019 3:26 pm
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Hi. I i’ve just received my date for my variation meeting for my full and final settlement offer. It says in the email that I can attend the meeting (virtual meeting). Has anyone ever done this?. I’m just thinking if I did and my offer was rejected at that time they potentially would accept more if I could arrange alternative funds could I suggest that at the meeting
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Southuk

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Joined: Wed Nov 27, 2019 7:42 am
Post by Southuk » Mon Dec 02, 2019 3:27 pm
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Damm iPhone type. Variation meeting. Not vacation meeting lol
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Foggy

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Post by Foggy » Mon Dec 02, 2019 4:05 pm
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There would be no point in physically attending as you will be the only one there ! Often some creditors will reply days beforehand anyway.
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 » Tue Dec 03, 2019 9:45 am
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Creditors are very unlikely to attend and will likely vote by proxy.

If you feel an increased offer might be necessary then your IP can suspend the meeting whilst you put a revised offer forward but, depending on how the proxies are completed, they might not include a resolution on voting on any modification.

Your IP might therefore have to adjourn the meeting to put forward the modification instead.
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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