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With my creditors meeting getting closer, I was wondering what happens on the day of the meeting ? Do the votes have to be in by a set time or have the creditors got all day to vote ? As I am offering a F&F is there much chance that the IVA result could be defered to a diffrent day ?

Your creditors have to have submitted their votes by the time the meeting starts. It is possible that proceedings may be adjourned for up to 14 days - either at the request of one of your creditors or to give the IP more time to get votes in from creditors who have not voted.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

If say I had about 18 creditors would thes ones I owed the greatest amount to need to vote for it to go though or is it based on the amount of creditors who vote ?
Just trying to sort out in my head how many need to vote for it to go though.

The voting is based on those who actually vote, rather than the full value of your creditors. So one "yes" vote will carry the proposal through if that is the only creditor to vote.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk