Meeting is on Wednesday just read some reviews and more worried

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helen534
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by helen534 » Sun Aug 12, 2018 5:52 pm
Wonder if anyone can give me some advice or experience.
I've just read some reviews that creditors have voted no if a catalogue has been used in last 3 months I've just checked and I used very in June for the amount of £46 Before that was over 3 months ago.
Will it be refused because of this? Anyone had any experience with this at all?
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Foggy
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by Foggy » Sun Aug 12, 2018 6:27 pm
Any creditor who votes "no" will need to have a "no" vote of over 25% (by value of debt) to swing a refusal. Catalogue debts do tend to be small in comparison to other lenders. so. hopefully, they will not have the clout to get a refusal, even if they do vote "no" and will be bound by the IVA anyway.
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helen534
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by helen534 » Sun Aug 12, 2018 6:58 pm
Thanks foggy
My main creditors are
Aqua £4500
Vanquis £4000
Natwest overdraft loan and cc £3600 total
Very would be 4th with £2400
But there is 11 creditors all together but natwest are 3
Pounds to pocket £1500
Provident £1600
And the others are under £1000
Total debt is £20k
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kallis3
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by kallis3 » Sun Aug 12, 2018 9:15 pm
I am sure you will be ok.
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luluj
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by luluj » Mon Aug 13, 2018 2:26 am
I would hope you will be ok ... you won't be alone in this scenario. Be sure to let us know how you get on, on Wednesday ..good luck x
Mrs_Brown
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by Mrs_Brown » Wed Aug 15, 2018 6:07 am
Hope all goes well today, let us know how you get on.
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Ryan
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by Ryan » Wed Aug 15, 2018 7:40 am
I echo the thoughts of the others, I'm sure it will be fine. All the best though.

Regards
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Foggy
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by Foggy » Wed Aug 15, 2018 7:45 am
Good luck for today's meeting.
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kallis3
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by kallis3 » Wed Aug 15, 2018 8:01 am
Good luck from me as well.
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