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Posted: Tue Dec 09, 2008 11:14 pm
by bev_l
Hi I was wondering do you know anything about the company arrow plc my parragon debt has gone to them ,they voted against my iva and it was rejected.
Many thanks bev
Posted: Wed Dec 10, 2008 12:08 am
by MelanieGiles
I have not heard of them, Bev, but it sounds like they have purchased your Paragon debt. Did they say why they were rejecting the IVA?
Posted: Thu Dec 11, 2008 12:17 pm
by Michael Peoples
Hi Bev. It sounds like Arrow Global who purchased quite a lot of Paragon unsecured debts. I believe that they have a minimum dividend requirement of 30p in the pound which could be the reason for rejection.
It is possible to resubmit a proposal which may be acceptable to them or you look at other options.