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Waltons

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Post by Waltons » Thu Aug 05, 2010 6:36 pm
When a creditor votes yes or no to people's proposals, why does the same creditor sometimes say yes to one and no to another? Am I being thick?! Is it to do with income and expenditure or something else? Or is it that the person dealing with it on that particular day is in either a very good mood, or a very bad mood?!

I'm not even sure I've made sense there but there you go.[:I][:I]
 
 

kallis3

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Post by kallis3 » Thu Aug 05, 2010 6:44 pm
I think they look at each proposal to see what sort of proposal is being put forward.

I'm sure Mel will be along to help later.
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
 
 

plasticdaft

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Post by plasticdaft » Thu Aug 05, 2010 11:15 pm
I think if a creditor knows they can sway things one way or another then it can make a difference as to whether they vote or not. If the best deal is on the table then yes votes roll in but as to individual cases I think its impossible to tell sometimes why anyone votes one way or another,even in very similar cases.

Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
 
 

MelanieGiles

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Post by MelanieGiles » Fri Aug 06, 2010 12:19 am
There are many differing criteria which determine the decisions that creditors make at creditors meeting stages. Some are set criteria - ie they vote the same way on all proposals - and others may relate to the case themselves.

In my practice we are lucky to see the vast majority of our proposals accepted - and the one's that aren't are generally rejected by HMRC.
Regards, Melanie Giles, Insolvency Practitioner
 
 

Waltons

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Post by Waltons » Fri Aug 06, 2010 7:31 am
MelanieGiles wrote:

There are many differing criteria which determine the decisions that creditors make at creditors meeting stages. Some are set criteria - ie they vote the same way on all proposals - and others may relate to the case themselves.

In my practice we are lucky to see the vast majority of our proposals accepted - and the one's that aren't are generally rejected by HMRC.
Well, THAT'S a surprise![:D]
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