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Posted: Sat Jul 28, 2007 2:27 am
by gavin
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
Posted: Sat Jul 28, 2007 12:10 pm
by Adam Davies
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
Posted: Sat Jul 28, 2007 1:18 pm
by hara
How much debt do you have?
hara
Posted: Sat Jul 28, 2007 10:06 pm
by gavin
gavin wrote:
hara its £80k
Posted: Sat Jul 28, 2007 10:19 pm
by gavin
hi what happens if Barclays do not voted ?
Posted: Sun Jul 29, 2007 2:09 am
by YummySheep
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.
Posted: Sun Jul 29, 2007 2:19 pm
by gavin
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 [:)]