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Posted: Sun Nov 06, 2016 5:22 pm
by Womble
Hi, anyone ever had their iva proposal turned down at the creditors meeting stage? My decision has been delayed as creditors just didn't vote at all.
For what reasons would a proposal get rejected by them?
Posted: Sun Nov 06, 2016 5:30 pm
by Foggy
It doesn't happen very often, but could if your major creditor holds a deciding proportion of the vote and doesn't support IVA's.
Posted: Sun Nov 06, 2016 6:19 pm
by kallis3
Hi Womble,
It may be they didn't get the paperwork in time. Take heart in the fact that there were no negative votes.
Speak to your IP asap in the morning.
Posted: Mon Nov 07, 2016 9:56 am
by Michael Peoples
Very unusual to get no votes at all. I assume your IP is chasing this up before you run out of time.