I'm a bit disappointed, only 1 of our creditors have actually voted - so we weren't given a yes or no. They said they will have 14 days to try to get everyone to respond.
But now I am very nervous, what's next? And if they don't vote we can't have an IVA???
Please help. [:(]
I know that 75% of your debt has to agree to the IVA, but even while reading this forum I haven't come across anyone not getting enough votes.
Speak to your IP and find out what their next step is, let them know BR is an option for you and hopefully these creditors will see sense.
No harm in starting on the forms and we'll help you with any queries xx
Our proposal was done to show the creditors what they would recieve if we entered into an Iva and they would get a big fat zero if we went for bankruptcy. So I'm going to start adjusting to this idea!! (I'm going to have to)
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