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Posted: Thu Sep 18, 2008 8:11 pm
by fuzzy_dunlop
how does that work
looking through the iva paperwork i have i noticed one of my creditors has another company representing them come voting day
however the same company also do iva's for debitors
is there not a conflict of interests here or am i talking my usual baloney [:I]
Posted: Thu Sep 18, 2008 8:15 pm
by Viki.W
Is it Grant Thortnon?
Posted: Thu Sep 18, 2008 8:16 pm
by fuzzy_dunlop
yes
Posted: Thu Sep 18, 2008 8:18 pm
by Viki.W
Yeah, I find this confusing too. I would have thought that they could not vote for their own client though. Maybe one of the professionals can help us with this one.
Posted: Thu Sep 18, 2008 8:26 pm
by fuzzy_dunlop
im not with gt but i was wondering how they can do both but now you mention it what happens in the situation where a debitor is represented by an ip who also can vote for a creditor you owe money to.
Posted: Thu Sep 18, 2008 10:40 pm
by MelanieGiles
They have a very firm "Chinese Wall" which is built between the team proposing the IVAs and the team voting for creditors. In fact the other day I was talking to one of the managers there, who was telling me that they were really getting a hard time from one of the creditors that their other team was voting for. There is absolutely no hint of a conflict of interest in the well-established and very professional company.
Posted: Thu Sep 18, 2008 10:42 pm
by Viki.W
That's good to know Melanie. X