voters

[MARSHA]

Hi Andy Davie, you asked me to let the forum know how my creditors voted at my meeting.
I have just received the paperwork today. I am astonished that out of 9 creditors only 4 bothered to vote.
My biggest creditor was Lloyds TSB, I owed them 10,500 and they didnt vote!!!!
The 4 that did vote where the ones I didnt owe that much to, but those 4 voted yes so on the day 100% yes.
Max Recovery voting for Additions catalogue and Capital one accepted and HSBC and Marbles both voted yes.

[sonyse2t5]

My caseworker told me that Creditors can't keep up with the IVA flooding into their offices and have to be selective in consideration.

I have also heard that if the offer is low then they would vote against it[}:)] But would otherwise not vote?


A great result.

[MARSHA]

Thanks. I suppose 10,500 is a fortune to me but not to a bank like Lloyds TSB. They will get a decent return anyway.
I did not realise that so many Iva's where flooding in to banks. It is a good job Im not with the other arm of Lloyds(black horse)I have heard they are really against voting yes and tend to just reject.

[ray_a]

Thanks Marsha for that info I am sure the experts will find it helpful!

[aguise]

Marsha

I had tsb as our largest creditor with 20,000 plus and they didnt vote either, thank heavens they didnt, they would have stopped the iva as they held a third of the vote.

Ang

Please visit my blog at http://aguise.blogs.iva.co.uk/

[MARSHA]

I know what you mean aguise. TSB held the biggest majority of mine too. Thank heavens they iddnt bother.