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Posted: Thu Apr 03, 2008 7:25 pm
by rollercoaster
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[?]

Posted: Thu Apr 03, 2008 8:16 pm
by luluj
Both of you require 75% of votes to have IVA approved

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

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