I am expecting my lump sum proposal to be rejected.

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Sue.ln

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Post by Sue.ln » Thu Jul 25, 2013 11:54 pm
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My lump sum proposal has been sent to all my creditors. The first creditor has rejected it - the funds are coming from my Father and although he may increase the money he will give me in reality he won't increase it a massive amount. I am now expecting it to be rejected how long do I have to put another offer or do I have to go bankrupt immediately.
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Michael Peoples

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Post by Michael Peoples » Fri Jul 26, 2013 12:20 am
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Your IP must be confident of getting approval so forget about one creditor. See what happens when they all vote and best of luck.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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MelanieGiles

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Post by MelanieGiles » Fri Jul 26, 2013 1:10 am
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Why has this creditor rejected your proposals Sue?
Regards, Melanie Giles, Insolvency Practitioner
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