www.iva.co.uk

hi all

i wondered how this works, i have different 2 loans with welcome finance, does that count as one vote or two?

thanks
crg

Two!

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

Good evening,

In the IVA, 75% in value of the creditors that vote must vote in favour of the arrangement for it to be approved. What percentage is Welcome Finance?


Regards,

Julia Simavi

Shortlisted with special commendation for Debt Counsellor of the Year by Credit Today Awards 2007

View my profile:
http://www.supersonicsquirrel.net/julia ... rofile.asp

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Hi,

I owe around £32000 and welcome combinded is about £7500 so that would make it around 23%

thanks
crg

just a quick one, i have 7 creditors, am i right in saying that if only one votes and the other six dont then thats a 100% acceptance or am i calculating it wrong.

thanks
crg

You are absolutely correct, crg, and it looks like you have the makings of a viable IVA.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk