Creditors meeting

Get expert opinion. This is the place for new questions to be posted.
7 posts Page 1 of 1

Sunny3129

Posts: 3
Joined: Fri Aug 21, 2020 11:38 am

Post by Sunny3129 » Fri Aug 21, 2020 11:48 am
hi, my IVA creditor meeting was set for 11 am today, 21/8. I had not heard anything from IP so at 12pm I messaged them, they have got back to me and advised that they are still waiting on all votes to come in and will update me on the outcome this afternoon.

does this indicate that the IVA will be rejected? I thought all votes needed to be in for the set time of the meeting, which was 11am?

thanks

Foggy

User avatar
Forum Expert
Posts: 31256
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Fri Aug 21, 2020 12:00 pm
Some firms do this as a matter of course, some ... I won't say 'lie', but, get inventive about reasons for delays, rather than say gone to lunch .... In some cases, if the vote isn't looking favourable they will chase other creditors to swing it .... could be many reasons. Hang in there.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

Sunny3129

Posts: 3
Joined: Fri Aug 21, 2020 11:38 am

Post by Sunny3129 » Fri Aug 21, 2020 12:07 pm
Thanks Foggy, hope it is just a 'gone for lunch' thing!

Today is on course to be the longest day ever for me!

kallis3

User avatar
Forum Expert
Posts: 75950
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Fri Aug 21, 2020 2:08 pm
Fingers crossed!
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

Sleepybunnie

Posts: 9
Joined: Fri Aug 21, 2020 3:01 pm

Post by Sleepybunnie » Fri Aug 21, 2020 3:46 pm
Does that mean when I have my CM meeting on the 2nd sept that I may also have to wait? I was given the impression that I would get a reply back on the 2nd... is that not the case ?

Foggy

User avatar
Forum Expert
Posts: 31256
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Fri Aug 21, 2020 3:52 pm
Fri Aug 21, 2020 3:46 pmSleepybunnie wrote:
Does that mean when I have my CM meeting on the 2nd sept that I may also have to wait? I was given the impression that I would get a reply back on the 2nd... is that not the case ?
You usually get the results within an hour or two. Some firms ( CF noteably) mess around a bit more than most, but you should know on the day.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

Sleepybunnie

Posts: 9
Joined: Fri Aug 21, 2020 3:01 pm

Post by Sleepybunnie » Fri Aug 21, 2020 4:49 pm
Ok thank you!

Hopefully all is approved 🙏🏻
7 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”