Do creditors vote early or on the day

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Post by SFA » Mon Aug 02, 2010 10:51 pm
My wife and I have interlocking IVA proposals submitted and our creditor's meeting is set for next Monday. Whilst staying in regular contact with her creditors, my wife spoke to Sainsburys, Egg and Halifax today, who all told her that her account had been passed into an IVA account and if the IVA was successful, she would here no more from them. My question is, have thses creditors possibly already voted ? Do creditors vote early or on the day and will my IP be able to disclose the result of any votes already cast ?

Thank you.

New start

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Post by New start » Tue Aug 03, 2010 12:05 am

I am only new to this as out iva was approved just two weeks ago.

When we phoned the day before they were able to tell us that some of the creditors had already voted.

They were waiting for votes from others.

Hope this helps.


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Post by MelanieGiles » Tue Aug 03, 2010 1:44 am
I would personally leave this up to your IP to count the votes on the day of the meeting, and then advise you of the outcome. Most IPs do not want to speculate about the voting, as you never know what is going to happen until the day of the meeting.
Regards, Melanie Giles, Insolvency Practitioner
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