Can a unclaimed debt still be claimed ?

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sean

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Post by sean » Mon Mar 07, 2011 1:17 pm
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CAN A CREDITOR WHO WAS NOT PRESENT AT THE BEGINING OF THE FIRST CREDITORS MEETING STILL HAVE CLAIM TO THEIR DEBT WHEN THE IVA COMES TO A END
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Sean
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Michael Peoples

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Post by Michael Peoples » Mon Mar 07, 2011 1:30 pm
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Creditors do not have to vote but are still part of the IVA. If the creditor was never notified of the IVA they may be bound by it's terms and receive a dividend but this is not always the case.

If the debt arose after the IVA was approved the creditor is not bound at all and can pursue the debt during and after the IVA has completed.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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Broke of London

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Post by Broke of London » Mon Mar 07, 2011 6:37 pm
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Michael's summed it all up. Are you having problems with one of your creditors? X
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kallis3

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Post by kallis3 » Mon Mar 07, 2011 7:28 pm
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Are you in an IVA Sean?
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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