My creditors meeting is tomorrow - i have almost managed to get thro the last few weeks without thinking about it, but of course it never really leaves the back of your mind. Then today.... "Blimey, its tomorrow morning at 10am"
i have been told the details of the meeting and to be available to talk, so i have taken the day off work so i can talk openly. The meeting is set for 10am, and i know my application isnt going to be easy. Im going for a full and final because i have the most supportive employer who is prepared to lend me +£32k (thats the figure my IP is proposing)The thing is, whilst its a lot of money, its still on the lowest side of any proposal i have seen and accordingly Im worried.
Can anyone tell me what happens on the day of the meeting?
I assume the meeting takes place quite quickly, and i will get a call telling me the outcome - but thats as far as i can work out in my mind. If its approved, then i guess, its easy (easier), but what happens if its rejected? my mind just wont seem to work this bit out.
anyone give me a steer, so i can work myself up in a lather at least a little bit informed? [;)]
I think it will be the same as a normal meeting - the creditors will vote yea or nay. You should be told quite quickly.
Your IP wouldn't be going for it if he didn't think it would go through, and hopefully the creditors will snatch your hand off as they will get their money a lot sooner.
If it is rejected, then you will be back to the drawing board as to what you are going to do.
What a wonderful boss you have.
I'm sure you will be ok. Good luck, have everything crossed for you. Let us know how you get on.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
hey piston
sending you my bestest wishes n luck x
my meeting in december was pretty straight forward
meeting was 11am the faxes from creditors came through and i was told i was successful at 1145 am and then the minor variations were approved and faxed back to the creditors.
i think only if it was a really complex proposal would you be waiting a while for the outcome. if for any reason theres a delay they will ring and let you know but mine was done in 45 mins
a lot of people on here knew within a couple of hours
good luck n keep busy to take your mind off it x [:)]
The chances are, the votes are already in. If thats the case then it shouldnt be long after the meeting time that you know.
If not enough votes are in yet then you should be informed before close of business on the day.
Nerve wracking! Thinking of you and looking out for when you post your result!
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
The votes are almost certainly in and if there was a problem your IP would have known about it already. I hope that is a good sign and very best of luck.
Its approved, and although Im told almost everyone actually turned up at the meeting, 100% of the votes cast were in favour.
I cant say thank you enough to Sue Clay at Philip Gill, because this was a tough one (The case and the client) Im sure. She secured a settlement at 19 pence in the £ - yes! 19 pence.
b***** fantastic!
Now I have to decide if I'm happy or not (Its a guilty pleasure, and I feel a bit lacking in scruples over the whole thing, because I did actually get into the mess myself). One thing for sure, I'm releived.
Im told those that didnt vote were barclaycard, Leeds and Holbeck (Now owned by B'Card) and Amex.
There was a technicality on MBNA, which meant there vote didnt count, but i think they were voting positive anyway, and then the others were egg, Capital One, Marbles, Barclays Bank, M&S, Mint and Sainsbury's - all agreeing
The only modification was that i shouldnt take credit out for more than £500 (Apart from funding a car balloon, which is amazing in itself) - like Im going to take out credit - even if i could?
That shows you how good Philip Gills proposal must have been!
