If creditors don't vote how are they counted in the balance ?

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

welshman2805

User avatar
Posts: 18
Joined: Thu Aug 11, 2011 12:30 pm
Location: United Kingdom
Post by welshman2805 » Fri Aug 12, 2011 12:48 pm
Quote
During Voting at creditor meeting, if creditors do not vote how are they counted in the balance towards the required 75% by value requirement?
hopefull.
Top
 
 

kallis3

User avatar
Forum Expert
Posts: 77177
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom
Post by kallis3 » Fri Aug 12, 2011 12:53 pm
Quote
Hi,

If they don't vote they are not counted towards the 75% LTV vote for the requirement.
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
Top
 
 

welshman2805

User avatar
Posts: 18
Joined: Thu Aug 11, 2011 12:30 pm
Location: United Kingdom
Post by welshman2805 » Fri Aug 12, 2011 12:56 pm
Quote
Thanks, much appreciated, its i I thought.
kallis3 wrote:

Hi,

If they don't vote they are not counted towards the 75% LTV vote for the requirement.
hopefull.
Top
 
 

Vinnie

User avatar
Posts: 208
Joined: Fri Apr 01, 2011 3:53 pm
Location: United Kingdom
Post by Vinnie » Fri Aug 12, 2011 10:31 pm
Quote
I was actually told by GT yesterday that a body that does not vote is better than a fail vote or a negative no vote what ever you want to call it, not sure if it is different at the start rather than the variation at the end.
ITS OVER WE ARE FINALLY DEBT FREE, CERTIFICATE ARRIVED
Top
Post Reply
4 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”