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Posted: Fri Feb 06, 2009 7:20 am
by GaZUK
Sent away my proposal today, just waiting for a date!
What actually occurs at the creditors meeting?
Posted: Fri Feb 06, 2009 7:30 am
by aguise
Hi Gaz and welcome
Your Ip will send your proposal off to the creditors for them to make their decision as to accept or decline. They will then send their vote in before the meeting. These meetings are very rarely if ever attended by creditors,it is done by post or fax. You will need 75% of the creditors pro rata to the debt for acceptance.
All the very best from me. Keep us informed of how things go.
Ang
Posted: Fri Feb 06, 2009 7:58 am
by David Mond
Aguise is right. Your creditors might want to suggest some modifications so it is useful for your IP to be able to contact you on the day of the meeting to discuss. I am not saying that there will be modifications only that there might be. Good luck.
Posted: Fri Feb 06, 2009 8:51 am
by kallis3
All the very best from me as well.