www.iva.co.uk

well at last a letter has arrived which i am disappointed in really,
it doesn't tell me anything about who voted or why it was rejected, except that i didn't get the 75% vote i needed.
i thought i would need as much information so i could show the OR when it comes to it.
basically this is all the letter says:
your proposed iva has been rejected by your creditors.
your options are for us synergi to contact debt care and discuss a debt maanagemnt programme (which when we first met they said this was no option)

as the iva wa rejected due to the fact that it was not possible to obtain 75% approval from creditors, we can resubmit again if you wish, proposal to be re drafted to allow for increase in debt and changes in personal circumstances

you can obtain bankruptcy info from insov gov etc and if you would like to discuss this option please telephone and i will speak to you.

i would be grateful if you would consider the above options and return with written instructions on how you would like to proceed or sign enclosed form so we can pass your paper work over to debt care.

i already informed them i didn't wish to do anymore with them and could i have my paperwork back several times, i thought i would have at least been shown how the vote went.
kerri

Hi Kerri
You are having a hell of a time at the moment I really feel for you. My IVA was accepted and I received what amounted to minutes of the creditors meeting showing who had voted yes/no, who had not voted and any notes or amendments the creditors wanted.
I am sure you should be able to insist on this from the IP. If there is a regulating body then this firms needs reporting to it as they have not worked for you only to line their own pockets.

Hi Kerri

I know the last thing you want to do is have to contact them again and ask them to send you anything but you are entitled to a copy of the "chairman's report" of the meeting of creditors, this should be a 1/2 page report accompanied by a "proxy schedule" which shows who voted and how they voted. This has to be filed at Court on your file so Synergi should have sent you a copy.

Unfortunately it may not explain why it was rejected. This information Synergi should have obtained from the creditors.

Creditors submit proxy forms and claim forms to allow them to vote at the meeting, some creditors include a covering letter explaining why they have voted, some do not, but if they did not then Synergi should have contacted the creditor to find out why they rejected and if there was anything they/you could do to change their minds.

Hope this helps



AccumaGroup - A large insolvency practitioner service based in Manchester.
www.accumagroup.com

hi scaredkez, thanks for putting a review of your IVA case onto IVA.com. Your review has already received some feedback:

http://www.iva.com/iva_review_detail.iva?r=25

Good luck for the future.

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