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Posted: Tue Nov 06, 2007 11:52 am
by sostressed
what exactly happens in these meetings
Posted: Tue Nov 06, 2007 11:54 am
by MelanieGiles
Do you mean creditors meetings?
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Posted: Tue Nov 06, 2007 12:07 pm
by sostressed
yes creditors meeting, does my IP try to get the the creditors to whom I owe the least amount to to vote yes - just confusing
Posted: Tue Nov 06, 2007 12:11 pm
by Adam Davies
Hi
Your IP try's to get all your creditors to vote yes,especially the larger ones.You will need 75% yes votes on the total debt owed that vote on the day. So if creditors who you owe 50k to vote on the day you will need a yes vote from those holding more than £37500 worth of your debt.
There is no actual physical meeting of creditors,it is all done by post/fax
Regards
Andy Davie
IVA.co.uk Spokesperson
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Posted: Tue Nov 06, 2007 12:50 pm
by iva.com
Hi There,
Good luck for your creditors meeting on 19th Nov. Please let us know how it goes.
Kind regards,
Terry Balfour
IVA.com
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Posted: Tue Nov 06, 2007 12:53 pm
by iva experts
Hi sostressed,
Well Done for gaining a creditors meeting date, as Andy has stated it is not an actual physical meeting where all the creditors turn up and talk about how much money you owe them, it is all done by letters and phone calls etc.
Best Regards,
IVA Experts
http://www.iva-experts.co.uk/