wondering how they usually vote

[jedimaster]

hi this is the first time that i have posted on here, myself and my partner are currently entering an iva and waiting for ou creditors meeting, i have got littlewoods catalogue as my main creditor and was wondering how they usually vote thanks

[MelanieGiles]

Hi jedimaster

They are usually amenable to IVA proposals, and as they are usually a relatively small creditor compared to other lenders, unlikely to have little influence in the decision even if they were minded to reject.

Don't forget to let us know the outcome of your meeting! And good luck!

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

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

[Oliver]

I agree with Mealanie,
Littlewoods would very rarely have enough of the total debt owing to them and would thus often not be a decisive factor in the voting. However, our experiences, like Melanie's are very positive with Littlewoods unlikely to vote no to your proposal as long as you reach a minimum dividend of 25p in the £ and put them in a better position than if you were to go bankrupt.


Best Regards
Oliver

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