what if the creditors don't turn up for the vote?

[foolish]

if the creditors don't turn up and vote does this just get classed as a no or a yes????
we are indebted to HSBC, yorkshire bank, argos. W3 have said they don't normally have problems with them.

[MelanieGiles]

In the unfoseen circumstances that none of your creditors submit a vote, then your IP will adjourn proceedings for up to 14 days to obtain a vote or votes.

If you get no votes at all, then the IVA will not be accepted, but this is extremely unlikely.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[Oliver]

This would result in your proposal achieving 0% of your creditors (who vote and pro rata to the debt owed) voting yes which would be a decline. However in this instance your IP would adjourn the meeting and seek assistance from their contacts with your particular creditor list to achieve a positive vote.

Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp