www.iva.co.uk

When creditors sell on the debt,who sits at the table when the creditors meeting takes place?

A guess debt collection companies must have there own insolvency department/person as do banks but I could be wrong.

I think it gets passed back to the original creditor, but I could be wrong.

I guess this is one for the technical experts.

I thought it was the company that bought the debt - I seem to remember Melanie saying that Max Recovery was supportive of IVAs and I know they bought a couple of my debts.

Most creditors who have the debt or those companies that have bought the debt either before or after proposing an IVA appoint Agents to act on their behalf for voting for or against an IVA or any modifications thereof.

Hi
Worth noting that an actual physical meeting does not take place.Nearly all meetings are done via fax etc
Regards

Actually Andy a meeting does take place (usually at the IP's address) and the creditors are normally represented by Proxy. But Minutes of meetings are recorded and a Report of such meeting must be lodged in Court. I can only remember one meeting in the distant past that a creditors represenative turned up in person.

Hi
That is what I meant David.
No actual physical meeting of people takes place
Regards