Received the Chairman's report so thought I would post the voting results,
Creditor Value of Vote Accept/Reject
Barclaycard £4,33.62 Accept
Citifinactial Europe £3,634.35 Accept
Lloyds TSB £6,349.45 Accept
Lloyds TSB £15,536.94 Accept
Total £29,954.46
Capital One £8,999.21 Reject
Inteligent Finance, my largest creditor (approx £32,000) did not even bother to vote and this surprised me, however, their apathy went in my favour as not voting was clearly counted as acceptance under the process rules.
Another surprise was Capital One's rejection given the return offered was £0.52 in the pound. I have since received a 'Default Notice' from Capital One. The letter was really quite threatening/intimidating in tone and content although there was a sentence saying that no payment was being asked for. It noted that I had entered into a voluntary arrangement with my creditors and then went on to suggest I seek advice from a solicitor.
I Will just pass it on to my IP. As if having gone through this whole situation I am going to be bothered by the credit reference agencies being informed I have defaulted on my credit card agreement or by a strongly worded letter from a disgruntled creditor. I get the impression Capital One are not happy with the proposal being accepted!
Good luck to those who are still struggling through the process.
John
