Creditor Meeting

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DMB

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Post by DMB » Sun Sep 05, 2010 8:57 pm
If the Creditors and myself can not agree to certain modifications what would happen next and what timescale before things happen?
Is BANKRUPTCY the only option available??
 
 

MelanieGiles

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Post by MelanieGiles » Sun Sep 05, 2010 8:59 pm
No - you could offer a DMP to your creditors as an alternative to the IVA or bankruptcy proceedings. There is no set timescale - just that which is dictated by the actions of either yourself or your creditors.
Regards, Melanie Giles, Insolvency Practitioner
 
 

DMB

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Post by DMB » Sun Sep 05, 2010 9:06 pm
I guess i am just getting very nervous?
I promised myself that i wouldnt but the nearer it gets the more i worry.I have been advised on certain things the creditors might wish to change so i guess i am fearing the worst?
I just hope the final figure agreed is not too far from the one we have put on the table.
 
 

Broke of London

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Post by Broke of London » Sun Sep 05, 2010 9:25 pm
The nerves are natural. Good luck x
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