if more than 25% of my creditors dont agree

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


User avatar
Posts: 4
by david75 » Wed Jan 13, 2010 6:27 am
can you tell me what to do if if more than 25% of my creditors dont agree this thursday the 14th yours worried


User avatar
Posts: 27023
by Shining » Wed Jan 13, 2010 6:29 am
HI David, don't worry your IP will have put your proposal together very carefully and confidently, if they don't agree it can be adjourned and your IP will have 14 days to hopefully persuade the opposing creditors to change their mind. Good luck for Thursday and do let us know how you get on won't you?

I know it's easy for me to say don't worry but I have been in your position honestly x


User avatar
Industry Expert
Posts: 3072
by size5 » Wed Jan 13, 2010 8:31 am
Lesley is right of course, but should the worst come to the worst then your provider will sit down with you and discuss your options at that point. That may be bankruptcy, a DMP or possibly a temporary DMP to lead into another IVA proposal a little later on.

I am sure it won't come to that though, have faith in your IP and I am sure he or she will come up trumps for you.



User avatar
Forum Expert
Posts: 72223
by kallis3 » Wed Jan 13, 2010 4:39 pm
Good luck David, I'm sure you will be fine.


User avatar
Posts: 168
by rhondda2 » Wed Jan 13, 2010 8:16 pm
Good luck ,hope it goes through ok for you
5 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”

Who is online

Users browsing this forum: No registered users and 9 guests