hi just question...i just got my forms to sign and send off for creditors meeting with all my income and outgoing..my question is i am now gettin an extra 120 pounds a month more since i did all my income and outgoing...can i just let the creditors meeting go ahead and then as soon if i am accepted inform IP of extra money so they know and pay..as it take longer for me to get the paperwork together again..
If you inform your IP now, it will meam that all of the paperwork needs to be completed again.
However, if your meeting hasnt been approved or set as yet, this would only mean changing the income and expenditure and also the payment plan.
This shouldnt take too long, if the date has been set, it may be best to leave it until the date of the meeting or after and discuss with your relevant IP.
Actually your Nominee can with your agreement vary the proposal at the meeting (with your concurrence) and increase your contribution and report back to creditors an enhanced dividend.
Hence no reason for any delay.
Last edited by David Mond on Thu Apr 23, 2009 11:59 am, edited 1 time in total.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
But it would seem more sensible and tidier for teh proposal to be altered at this stage. That shoudl not take more than 24 hours to turn around, and you would be presenting creditors with the most accurate position.
Yes - but as it is only a positive change enhancing dividends it does not (in my opinion) need to be re-done and re-circularised.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
