www.iva.co.uk

Hello. My IVA CM is set for next wednesday. I know that some of my creditors have voted already by post. 2 things - why won't my IP tell me how they have voted (why do they have to wait until the day of the meeting) and second, it's not really a meeting if most creditors have said yes/no before - so what exactly is the meeting about - it's not as if the creditors will be there, nor the debtor so who is doing what on the day? Or is it just an expression about the DDay in general?

ng-when my iva was waiting for approval its because my ip had to give the creditors 17 days notice.
i think because of the notice period needed this is why they wait until all the decisions have been received from your creditors a pro will clarify

good luck by the way !
also how do you know 2 have already voted ?

Hi - yeah, i understand that, but if there are variaions, or several have said no/yes alreay why wait until the last hour to tell me? my meeting is set for 11:00 in the morning, but i can't see why - who exactly will be there?

Cheers! Mark.

Sorry - i asked my IP how things were going as all calls and letters have stopped. I was told that some had come back and voted already before next Wednesday.......

normally its all done by post/fax
i think its just your ip and their staff i dont think creditors come in person.
mine was all faxed.
i think its because of the notice period.
it still is a creditors meeting.
they still have up to a time stipulated by your ip on the day to fax their decision.

if there are any variations and your iva is accepted they will let your creditors know what you have decided.
my meeting was at 11.am too but tom at mels office didnt ring until 11.45 to let me know it was all good.
i think its that unfair advantage situation. your ip cannot advise you until everyone who is voting votes and again up til the day itself they still have up to a cut off time stipulated by your ip to fax.
very best of luck !

ok thanks - i think i'm just a bit worried! I'm with Mel's lot too and i think i'm glad i am......

ng you are in extremely safe hands.
on the day of mine at 11.am i called tom and made sure he had my contact numbers-at 11.45am he called to say all was good. there was some very minute changes but by then all had voted so he just let them know after.
im not sure who'll you will get doing yours BUT i can tell you everyone at mels is awesome and they will try their very best for you like they did for me. try not to fret all will be well [:)]

Many thanks! Also - who put you in touch with this IP office?

i started posting on here mid october last year-i was in a terrible state.
whilst i was posting-i noticed how friendly and warm melanie was and her professionalism when replying to people and i chose her company on that basis because she appeared so non-judgemental and IS !
it took me 8 days to pluck up courage to call. Everyone on here was so helpful and supported me. that first call lifted a huge weight from me.
you are with the very best and you better post your success next week ! [:D]

Look out next Wednesday at 11:00 onwards.................!!

get that champagne on ice !
i couldnt be happier for you. you are with a special company who will take special care of you.
we will be waiting for your good news x [:o)]

Hi there n958g

A few years ago I was dealing with a client who was nearly suicidal following a failed business where he owed a substantial amount of money. There were two very large creditors, who had the power to either accept or reject the IVA, and in the days leading up to the meeting we received acceptance votes from both of them. I fed this information back to my client who was delighted and had started to feel positive for the first time in months.

The day of the creditors meeting came, and 10 minutes before the meeting I received a fax from one of them to say that they had changed their mind and were now rejecting. I had to feed that back to my client, who took the news very badly and disappeared for over 24 hours. You can imagine how I felt, and his wife was distraught.

He thankfully returned home, and over the next couple of days I persuaded the creditor to change their minds again - however lessons learned, we now never feedback voting information to our clients prior to a meeting to avoid disappointments or ongoing and uncecessary worry.

Hope you understand this - it is done with our client's interests being paramount, and rest assured we will phone you as soon as we know the outcome.

I sure do, and many thanks for your message!

Mark.