Posted: Thu Aug 09, 2007 8:31 pm
Can someone help me with this please?
I had a modification to my (agreed) proposal that my dividend to creditors would be a minimum of XX pence in the pound - otherwise the arrangement would fail. This was based on the latest balances I had from creditors against my total scheduled repayments. I accepted this modification on the day of the Creditors Meeting (by phone).
I know that claims increase between the proposal and the Creditors Meeting. Most of my creditors voted and claimed but several did not. I know those that did not vote are bound by the arrangement but how do I find out what amount those who did not vote are actually claiming? I am trying to check how much extra I need to pay to ensure that my payments cover the % at proposal and the same % of claims (as required by the modification). I think I will cover any difference by additional Overtime Payments - but wondered if I need to speak to my Creditors or IP to check on the amounts. How do I check the amount of "claims" from creditors who did not vote?
Has anyone had a similar worry? Grateful for any advice.
Thank You.
I had a modification to my (agreed) proposal that my dividend to creditors would be a minimum of XX pence in the pound - otherwise the arrangement would fail. This was based on the latest balances I had from creditors against my total scheduled repayments. I accepted this modification on the day of the Creditors Meeting (by phone).
I know that claims increase between the proposal and the Creditors Meeting. Most of my creditors voted and claimed but several did not. I know those that did not vote are bound by the arrangement but how do I find out what amount those who did not vote are actually claiming? I am trying to check how much extra I need to pay to ensure that my payments cover the % at proposal and the same % of claims (as required by the modification). I think I will cover any difference by additional Overtime Payments - but wondered if I need to speak to my Creditors or IP to check on the amounts. How do I check the amount of "claims" from creditors who did not vote?
Has anyone had a similar worry? Grateful for any advice.
Thank You.