Is no vote a yes vote?

Get expert opinion. This is the place for new questions to be posted.
4 posts Page 1 of 1
User avatar
jason275
Posts: 1
by jason275 » Mon Dec 10, 2018 8:43 pm
If a creditor does not vote does that mean their vote is seen as a ‘yes’
User avatar
Foggy
Forum Expert
Posts: 27729
Contact
by Foggy » Mon Dec 10, 2018 8:46 pm
No -- they are ignored for that vote --- the deciders are those that actually vote.
User avatar
kallis3
Forum Expert
Posts: 73930
Contact
by kallis3 » Mon Dec 10, 2018 9:51 pm
If your IVA has been accepted you are ok.
User avatar
luluj
Forum Expert
Posts: 10332
Contact
by luluj » Tue Dec 11, 2018 1:04 am
You need 75% of those who vote to be a yes. Those that do not vote simply have to go by the decision of those that do.
4 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”

Who is online

Users browsing this forum: kallis3 and 18 guests