Likelihood of voting yes

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Posts: 1
by Hgillett » Wed Aug 16, 2017 8:23 am
We have the creditors meeting set for 25th August but i am worried sick, not sleeping etc because of not knowing the outcome.

We have the following debt
Clydesdale Bank, £13000 personal loan
Barclaycard credit card £9000
Virgin credit card £6000
Mbna credit card £7000
Santander credit card £9000
Santander over draft £700
Very catalogue £2200
Studio catalogue £400

Any advice welcome. Thanks
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by Foggy » Wed Aug 16, 2017 8:45 am
Always difficult to second guess creditors, must most are favourable to a good offer and your IP would not put a proposal forward if he / she didn't think it had a good chance. Best of luck for the 25th.
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Michael Peoples
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by Michael Peoples » Wed Aug 16, 2017 9:02 am
These are normal creditors and they will usually accept unless there is something unusual that we are not aware of. For example some creditors do not like recent spending and others like Barclaycard do not like large amounts of equity.
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Lisa Thomas
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by Lisa Thomas » Wed Aug 16, 2017 9:37 am
Your Nominee would not have been able to recommend the IVA to creditors if they did not think it was suitable.

Best of luck.
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by luluj » Wed Aug 16, 2017 11:28 am
Its a good offer and your IP is clearly confident. Good luck on the 25th x
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by kallis3 » Wed Aug 16, 2017 3:25 pm
Fingers crossed!
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by Waitingforship » Wed Aug 16, 2017 11:35 pm
Good Luck !
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