One creditor for all high street banks?

Get expert opinion. This is the place for new questions to be posted.
11 posts Page 1 of 1

Nikl

Posts: 77
Joined: Mon Mar 12, 2018 4:48 pm

Post by Nikl » Mon Jul 30, 2018 8:01 am
From my understanding there is one creditor who represents the majority of my creditors who are mostly high street. Therefore, will there just be the one vote (F&F variation meeting). Has anyone had dealing with this company?

kallis3

User avatar
Forum Expert
Posts: 74306
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Mon Jul 30, 2018 8:02 am
Which company is it?
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

Nikl

Posts: 77
Joined: Mon Mar 12, 2018 4:48 pm

Post by Nikl » Mon Jul 30, 2018 8:49 am
I’ve been trying to find out but not getting a clear answer. Something with IE as initials I believe.

Foggy

User avatar
Forum Expert
Posts: 28587
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Mon Jul 30, 2018 8:55 am
Tix ? The Insolvency Exchange -- they do represent a lot of creditors these days and it is unfortunate that they then gain a lot of voting muscle. That said, unlike some individual creditors, they are not particularly anti-IVA, as far as I am aware. They did vote for a couple of my creditors and said yes.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

Nikl

Posts: 77
Joined: Mon Mar 12, 2018 4:48 pm

Post by Nikl » Mon Jul 30, 2018 8:57 am
I believe it’s insolvency exchange

Shaun Vickery

User avatar
Industry Expert
Posts: 770
Joined: Tue Feb 12, 2013 8:32 am
Location: United Kingdom

Post by Shaun Vickery » Mon Jul 30, 2018 10:33 am
They are a creditors' agent and will vote on behalf of the creditors they represent. Ultimately it will depend on whether they believe it to be a credible and reasonable offer.
Highly Commended at the British Mortgage Awards. For individual mortgage advice go to http://clients.theselectpartnership.co.uk/

Nikl

Posts: 77
Joined: Mon Mar 12, 2018 4:48 pm

Post by Nikl » Mon Jul 30, 2018 11:06 am
I so hope they see it as that, Family are able to offer the full amount I would of paid over 5 years. I’m a single mum to three so I hope they see it’s a good offer.

Shaun Vickery

User avatar
Industry Expert
Posts: 770
Joined: Tue Feb 12, 2013 8:32 am
Location: United Kingdom

Post by Shaun Vickery » Mon Jul 30, 2018 11:09 am
Do you own a property?
Highly Commended at the British Mortgage Awards. For individual mortgage advice go to http://clients.theselectpartnership.co.uk/

Nikl

Posts: 77
Joined: Mon Mar 12, 2018 4:48 pm

Post by Nikl » Mon Jul 30, 2018 11:15 am
No i rent

Shaun Vickery

User avatar
Industry Expert
Posts: 770
Joined: Tue Feb 12, 2013 8:32 am
Location: United Kingdom

Post by Shaun Vickery » Mon Jul 30, 2018 11:17 am
It's only my opinion of course but, based on what you say, I'd be very surprised if they don't approve it. Fingers crossed for you.
Highly Commended at the British Mortgage Awards. For individual mortgage advice go to http://clients.theselectpartnership.co.uk/

Nikl

Posts: 77
Joined: Mon Mar 12, 2018 4:48 pm

Post by Nikl » Mon Jul 30, 2018 11:19 am
Thank you, I need a bit of hope right now
11 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”