One creditor for all high street banks?

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Nikl
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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?
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kallis3
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by kallis3 » Mon Jul 30, 2018 8:02 am
Which company is it?
Nikl
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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.
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Foggy
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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.
Nikl
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by Nikl » Mon Jul 30, 2018 8:57 am
I believe it’s insolvency exchange
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Shaun Vickery
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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.
Nikl
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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.
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Shaun Vickery
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by Shaun Vickery » Mon Jul 30, 2018 11:09 am
Do you own a property?
Nikl
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by Nikl » Mon Jul 30, 2018 11:15 am
No i rent
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Shaun Vickery
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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.
Nikl
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by Nikl » Mon Jul 30, 2018 11:19 am
Thank you, I need a bit of hope right now
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