creditors meeting today starting to get worried

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kallis3

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Post by kallis3 » Tue May 11, 2010 4:48 pm
I'm sorry you're still in limbo - your company should be chasing MBNA up to get them to vote.

I know that if there are modifications or not enough votes there are 14 days in which to sort things out. I'm assuming this is the same.
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.
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Shining

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Post by Shining » Tue May 11, 2010 5:23 pm
Not good for you Hilary as you want to know. Keep positive and I'm sure it will work out x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
 
 

back on track

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Post by back on track » Tue May 11, 2010 5:57 pm
surely they have had the proposal long enough by now.
dont they get it way in advance of the meeting date?
cc received 6th January 2014 now upwards and onwards
 
 

kallis3

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Post by kallis3 » Tue May 11, 2010 6:07 pm
They do get it well in advance, and the vast majority of creditors do vote beforehand.

Do you have any idea why they haven't voted?
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
 
 

hilary.mc

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Post by hilary.mc » Tue May 11, 2010 6:16 pm
I have no idea at all but they are only about 10% of my total debt so hopefully not too bad - fingers crossed
 
 

kallis3

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Post by kallis3 » Tue May 11, 2010 6:40 pm
It will all depend on how many of your other creditors voted and who voted what.

It is possible that you did not get the full 75% of voters in agreement on the day which is why they are waiting for MBNA.

They should keep you in the loop though.

I could be wrong though - hopefully Melanie or Andy will be along later to advise further.
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
 
 

back on track

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Post by back on track » Tue May 11, 2010 6:41 pm
only 10% then i would not worry they have not got a majority vote you will be fine
cc received 6th January 2014 now upwards and onwards
 
 

kallis3

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Post by kallis3 » Tue May 11, 2010 6:51 pm
If there had been enough votes in favour on the day, this vote shouldn't matter. A lot of my creditors didn't vote, but there were sufficient on the day.
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
 
 

MelanieGiles

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Post by MelanieGiles » Wed May 12, 2010 12:29 am
In my experience, MBNA always vote in good time for the creditors meetings - so it is curious as to why they haven't in your case. Hope it all gets sorted out for you very soon.
Regards, Melanie Giles, Insolvency Practitioner
 
 

hilary.mc

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Post by hilary.mc » Wed May 12, 2010 8:27 am
Now I am started to get worried but will have to just buckle down and see - hopefully it will be all sorted before end of week. Here's hoping
 
 

kallis3

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Post by kallis3 » Wed May 12, 2010 6:23 pm
I've got everything crosed for you.
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
 
 

hilary.mc

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Post by hilary.mc » Wed May 12, 2010 6:25 pm
Just heard from my IP that MBNA have voted and that I should accept their modifications as I accepted Capital One and Vanquis (which i would have anyway. Hopefully this is positive but will kep you all posted.
 
 

kallis3

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Post by kallis3 » Wed May 12, 2010 6:41 pm
That's good news.

What are the modifications?
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
 
 

Shining

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Post by Shining » Wed May 12, 2010 7:07 pm
hopefully it's good news, but remember to think about the modifications if you're unsure, make sure they're realistic. x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
 
 

kallis3

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Post by kallis3 » Wed May 12, 2010 7:52 pm
If you need advice on the mods, please feel free to ask. You will get good advice.
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
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