In the chairmans report .What

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michael673
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by michael673 » Fri Jun 29, 2018 8:55 pm
In the chairman's report .What is meant by not all creditors are bound to the arrangements.
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Foggy
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by Foggy » Fri Jun 29, 2018 9:13 pm
Depends in what context and what else was said at the meeting. If the IVA was accepted then ALL unsecured creditors will be bound. Mybe a typo !! Check with your IP.
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kallis3
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by kallis3 » Sat Jun 30, 2018 2:47 pm
Agree - you need to speak to your IP.
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Lisa Thomas
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by Lisa Thomas » Mon Jul 02, 2018 10:53 am
This is very odd and unusual - usually ALL unsecured creditors are bound as long as sufficient votes (75% in value that vote in favour) were received.

Hopefully it is just a typo or is referring to secured creditors.
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