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saz01
Posts: 15 Joined: Wed May 16, 2018 4:39 pm
Email just received from Credit union telling me they will be voting no for my IVA, meeting is not until 4th June. I feel so sad tonight
Foggy
Posts: 33396 Joined: Fri Dec 17, 2010 11:14 amLocation: United Kingdom
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Do they hold more than 25% of your debt ?
My opinions are merely that .. opinions based on experience. Always seek professional advice.
Lisa Thomas
Industry Expert
Posts: 7759 Joined: Wed Dec 03, 2014 10:26 am
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Have they explained why?
kallis3
Forum Expert
Posts: 77177 Joined: Mon Mar 17, 2008 4:02 pmLocation: United Kingdom
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Fingers crossed everyone else votes yes.
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
MerlinL14
Posts: 1626 Joined: Sun Oct 30, 2011 2:44 pmLocation:
That's a bit harsh! I never had anyone of my creditors tell me their voting preference.
Last Payment made 04/12/14. Completion Certificate 25/7/15. IVA company GT. No Issues
Lisa Thomas
Industry Expert
Posts: 7759 Joined: Wed Dec 03, 2014 10:26 am
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It is very unusual - normally creditors will liaise direct withe the Nominee.
saz01
Posts: 15 Joined: Wed May 16, 2018 4:39 pm
Foggy wrote:
Do they hold more than 25% of your debt ?
No I think its 24% so very close.
saz01
Posts: 15 Joined: Wed May 16, 2018 4:39 pm
kallis3 wrote:
Fingers crossed everyone else votes yes.
Thank you
saz01
Posts: 15 Joined: Wed May 16, 2018 4:39 pm
MerlinL14 wrote:
That's a bit harsh! I never had anyone of my creditors tell me their voting preference.
Thats exactly what I was thinking telling me I had let the credit union down etc, I had fully explained to them that we serious personal events leading up to no being be able to pay and why we were seeking help with our debt.
saz01
Posts: 15 Joined: Wed May 16, 2018 4:39 pm
Lisa Thomas wrote:
Have they explained why?
I sent them the email and they told me not to worry and hopefully everyone else votes yes.
saz01
Posts: 15 Joined: Wed May 16, 2018 4:39 pm
Lisa Thomas wrote:
It is very unusual - normally creditors will liaise direct withe the Nominee.
thats exactly what I was thinking I feel depressed enough without them emailing me and saying no and I had let them down.
Lisa Thomas
Industry Expert
Posts: 7759 Joined: Wed Dec 03, 2014 10:26 am
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You may need ALL other creditors to vote, and vote in favour, in order to get the IVA through as you will need 75% in value voting to approve.
