interlocking IVAs

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rollercoaster

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Post by rollercoaster » Thu Apr 03, 2008 7:25 pm
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strange question late in the day (meeting next thursday) but: with an interlocking proposal, do my O/H and myself need 75% acceptance seperatly or 75% combined. only asking as my IVA lower than O/Hs but 50%ish of mine held with MBNA and if they dont accept then my IVA will be rejected. 55k debt combined/payment £460pm. My debt £16K with 44% IVA proposal[?]
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luluj

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Post by luluj » Thu Apr 03, 2008 8:16 pm
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Both of you require 75% of votes to have IVA approved
Sharing from experiences of dealing with debt

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Adam Davies

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Post by Adam Davies » Thu Apr 03, 2008 8:18 pm
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Hi
You EACH need a 75% yes vote from the value of debt held by creditors voting on the day.
Regards
Andam Davies
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rollercoaster

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Post by rollercoaster » Sat Apr 05, 2008 12:09 pm
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thank you
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