Result!

[janderson]

Congrats from me too, I know what that feeling is like when you are accepted. Keep posting.



John

[debtmountain]

That's brilliant news Stirling[:D], I'm so pleased for you and hope that you have a lovely evening celebrating with that glass or two of your favourite tipple.[:p]..glad to see you will continue to keep posting as well...xx

[Mandi]

Many congratulations Stirling, I'm so pleased for you.


Amanda

[GinSkipper]

Congratulations Stirling, now go reach for the cheap bubbly [:p]

[bic]

well done,i bet u feel great,a sense of relief.

cath

[Pap]

Fantastic news. Well done!

P x

[Skippy]

Congratulations Stirling x

[MelanieGiles]

Glad to hear your good news. These sort of postings are always really helpful to those people waiting in the wings.

[stirling]

Sorry to take so long to get back on this one,but I really have been trying to get my house in order and make sure I get off to a good start before my first payment May 1st.
First of all the modification was, that I had to provide evidence that a widows pension, in my pension scheme was compulsory, which it is.
Voting: Amex £2800(Bracers) ..........Reject
Capital one £9900 (TIX)..........Accept
HBOS(Marbles)£11200 (TIX)........Accept
Yorkshire Bank £8600 (Grant Thornton).....Accept
Barclay card £350 (Grant Thornton).......Accept
Abbey Loan £14000 Did not vote
Abbey overdraft £3500 Did not vote
MBNA £14500 Did not vote
Citi cards £3800 Did not vote
Egg £7600 Did not vote
2 x more cards now owned by Barclays £10500 Did not vote.

Votes for IVA £29,900 or 91%
Votes against IVA £2800 or 8.5%

Dividend to creditors 19.8p in the £.

I hope this gives those of you on their way to an IVA a lot of hope.

[mole]

Brilliant Stirling. It does give me some hope as a number of accepts and no votes are my creditors; I have:-
Barclays (overdraft)
Northern Rock (Loan)
Amex (CC)
MBNA (CC)
Barclaycard (CC)
Egg (CC)

Well done Px

[gord]

good news - quick question - Its something I probably should know - If a creditor does not vote does that simply get taken out of the 70% equation and only those who voted get counted

over 50% of your creditors seemed to have just not voted - Is that normal

[stirling]

I'm not sure on that and yes I noticed it to. Maybe one of the experts could answer for us?

[size5]

It is completely normal for some creditors not to bother voting. Why they don't is a different matter of course, but they are still bound by it even if they don't vote.

Regards.

[gord]

Thanks size 5 - so if you have say 10 creditors and 5 dont vote - you then only need 3 to agree ( out of the 5 who voted ) to create a binding agreement ?

[MelanieGiles]

The votes are cast on the basis of value of debt and not number of creditors.