Creditors Meeting Today

[scooby]

Hi all just a line to say its my creditors meeting today at 1100 not sure what the outcome will be but getting pretty restless now I have to call 10 mins after 1100 to see what was said fingers crossed all will be ok or its bankruptcy courts for me!!

Scooby

[laleanne1]

Hi

Good luck but i'm certain you dont need it, it will all be fine[:D]

l morris

[Oliver]

All the best. Please let us all know the outcome. Fingers crossed.





You can access Video Clips giving additional information about IVAs at:
http://www.thomascharles.com/interview_ ... an_iva.asp

If you would like more information about IVAs, other debt solutions, or just want to arrange an informal chat, please visit us at www.thomascharles.com.

Best Regards
Oliver
www.thomascharles.com

[Skippy]

Hope all is going well Scooby!

[scooby]

Hi and thanks just got confirmation my IVA has been accepted only 2 of my 6 creditors voted both sayning yes and they were the ones I owed the least to.

Thanks again everyone
Scooby

[illihor]

Congratulations Scooby, brilliant outcome.

Just for future reference, do you know which 2 of yours voted?, and what were the ones that didn't bother?.

Would be nice to try and build up some reference statistics.

I dont have my meeting date yet but I will post my results when I get them.

On the way to a brighter future....

[Skippy]

Congratulations Scooby - it's a great feeling isn't it!

I agree with Illihor that it would be good to know who has voted and who hasn't. Mine were (greatest first):

Natwest - Voted yes with modifications
Egg (Loan) - Did not vote
Virgin Credit Card (MBNA) - Did not vote
Barclaycard - Did not vote
Tesco Credit Card - Voted yes
Egg Credit Card - Voted yes with modifications
Littlewoods - Did not vote
Next Directory - Did not vote

I found Natwest, Egg and Barclaycard to be quite understanding throughout the whole process.
MBNA were nasty, and I only received letters from the others.

I hope this helps, although every case is different.

[scaredkez]

congratulations scooby
scaredkez

[posuns]

Many congratulations Scooby,
Can't wait for it all to be over.

[scooby]

Thanks all the one who voted were

1 Nat West
2 Tesco Finance (Royal Bank of Scotland)

The ones which did not vote were

1 Egg Loan
2 Egg Credit Card
3 Halifax Credit Card
4 Lloyds TSB Credit Card

The two who did vote I owed about 10% of the whole debt to so it does not matter how much you owe just who votes I suppose i was lucky Egg didnot vote because I owe them about 45% but as they did not vote they have to fall in line with the rest of them

Thanks all
Scooby

[freelili]

Hi Scooby

just wanted to say congratulations.

best wishes

LILY

[Dominic]

Great news scooby

Royal bank of Soctland was the only creiditor to vote at my meeting.

[neverending]

Well done Scooby !!!
Just strange,as in Dominics case and yours,that the major creditors have not voted.
Can any other forum experts shed light on this ??

[Dominic]

well this is the law that covers it

5.23(1) (Three-quarters majority) Subject as follows, at the creditors’ meeting for any resolution to pass
approving any proposal or modifications there must be a majority in excess of three-quarters in value of the
creditors present in person or by proxy and voting on the resolution.

http://www.iva-solutions.co.uk/download ... rities.pdf

[bluebelle]

Congratulations Scooby great to hear that you were accepted.

For stats these are the people who definately voted yes by proxy for me last week and the amount of calls i received during the 5-6 week period:-

1. Lloyds TSB - voted yes (£29K)- no calls
2. Mint (RBS) - voted yes (£8K) - one call made by me to them, understanding/polite
3. Goldfish - voted yes (£6K) - one call made by me to them, understanding/polite
4. Morgan Stanley - voted yes (£5.5K) - 3 calls by them, understanding/polite
5. Monument - voted yes (£6K) - no calls
6. Capital one - voted yes (£1K) one call from me to them, understanding/polite, issued default notice

7. MBNA - as at 10am on the day of my meeting at 3.30 no vote received (£7K) - numerous home calls, mobile calls and texts - one nasty call right at the beginning (me phoning them!). The rest were ok. They phoned me. Calls were from an International Call centre..firm called GVI. A bit pushy and some nosey but ok...calls stopped after IVA proposal sent out.
8. Barclay Card - as per MBNA above no vote recieved (£800) - 2 phone calls from them - understanding and polite.