Posted: Mon Mar 07, 2011 1:17 pm
CAN A CREDITOR WHO WAS NOT PRESENT AT THE BEGINING OF THE FIRST CREDITORS MEETING STILL HAVE CLAIM TO THEIR DEBT WHEN THE IVA COMES TO A END
Creditors do not have to vote but are still part of the IVA. If the creditor was never notified of the IVA they may be bound by it's terms and receive a dividend but this is not always the case.
If the debt arose after the IVA was approved the creditor is not bound at all and can pursue the debt during and after the IVA has completed.