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Posted: Wed Feb 13, 2008 4:03 pm
by sblack
Hi Everyone
Could anyone tell me what experiences they have had with these creditors and how they voted at the meeting?
MBNA, HSBC, Mint, Cahoot, Barclaycard, GE Money (storecards), Bank of Scotland, Hitachi Capital, Paypal Credit Card.
We are offering 39p/£1.
We don't know when our meeting is yet, hopefully the first week in March. Melanie and her team are just finishing our proposal and we should receive it this week.
I would like to add that this forum has been a great support over the past few weeks. When we sat and did the sums and realised the enormity of our situation we did feel that we were on our own and we have been so stupid and burying our head in the sand and not talking to each other about it.
Reading about others experiences has made us feel more positive about the situation and we do know it is not going to be easy but we got ourselves into this mess and we have to get ourselves out of it.
Thanks again[:)]

Posted: Wed Feb 13, 2008 4:46 pm
by maxdebt
Hi SBlack. Be confident in Melanie and her team I am certain they are putting forward your very best and most realistic & sustainable proposal on your behalf.

We had MBNA as a main creditor but 2 days before the meeting they sold the debt to a group named Max Recovery who then voted YES at the meeting (25p/£ proposal)I have noticed that MBNA seem to do this quite often. My feeble financial brain has no idea why they would do this because I believe they sell it to Max Recovery for around 10p/£. Strange

Posted: Wed Feb 13, 2008 4:47 pm
by Shining
HSBC voted positively to ours and they were our main creditor.