Iva proposal queries

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kallis3

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Post by kallis3 » Sun Apr 30, 2017 8:30 pm
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As Foggy says - 75% by value of creditors who vote on the day - if it goes through, everyone is bound by the IVA regardless.
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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Johng79

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Post by Johng79 » Sun Apr 30, 2017 8:41 pm
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Sorry what exactly does that mean 75% by value of creditors? Do u mean debt or 75% of votes received?
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Johng79

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Post by Johng79 » Sun Apr 30, 2017 8:44 pm
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Sorry for all the questions, most probably stupid ones!
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kallis3

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Post by kallis3 » Sun Apr 30, 2017 8:52 pm
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It is 75% by value of your debts by creditors who vote on the day. If only one votes yes it will go through and the others are bound by it.
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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kallis3

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Post by kallis3 » Sun Apr 30, 2017 8:57 pm
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Meant to say that if only one votes yes it will go through as long as no others vote no and the yes vote is more than 75%. . Sometimes creditors do not vote.
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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Lisa Thomas

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Post by Lisa Thomas » Mon May 08, 2017 2:21 pm
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No 75% in value of creditors who VOTE.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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kallis3

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Post by kallis3 » Mon May 08, 2017 2:24 pm
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It is what I meant!
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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