No problem, my knowledge is not that brilliant! I probably didn't explain it very well.
Follow Mel's advice and speak to your IP company about this.
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
I hope that you get your proposal really quickly. Once that is sent back to your IP, it's all systmes go with the creditors meeting. Hope you hear soon. I will keep everyone posted once I have heard the outcome from our meeting, fingers crossed.
Love your picture - doggies are very cute!!
Sam x
F&F accepted 12/8/13 - Awaiting Completion Certificate
Thanks to everyone for your support. Could'nt have done it without you.
Hopefully you will be able to change your forum name on Thursday!
Last edited by kallis3 on Tue Aug 10, 2010 6:32 am, edited 1 time in total.
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
The following creditors voted in favour of the Proposal:
Halifax Plc / HBOS at The Insolvency Exchange
Co-operative Bank plc / Grant Thornton - IVA Watch (for voting
purposes only) (with modifications)
Halifax Plc / HBOS at The Insolvency Exchange (with modifications)
Halifax Plc / HBOS at The Insolvency Exchange
Bank of Scotland / HBOS at The Insolvency Exchange
MBNA Cards IVA / MBNA EBL (with modifications)
76.24 % of the total value of the creditors present in person or by proxy and voting on the proposals.
The following creditors voted against the Proposal:
Student Loans IVA / Student Loans Company
23.76 % of the total value of the creditors present in person or by proxy and voting on the proposals.
I have 8 creditors with 13 lines of credit. One creditor didn`t vote, the rest accepted with minor modifications except one who wanted further modifications which were refused as their vote wasn`t needed to carry the proposal.
"When the seagulls follow the trawler, it is because they think sardines will be thrown into the sea".
Student loans are excluded from IVAs now so won't have a vote.
Sadone, some companies do ask for more money but that seems an excessive amount. Do you know where you are supposed to get this extra money from?
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
kallis3 wrote:
Student loans are excluded from IVAs now so won't have a vote.
Sadone, some companies do ask for more money but that seems an excessive amount. Do you know where you are supposed to get this extra money from?
We dont know we havent really gone over our allowances much maybe one or two things we were a bit over estimate but nothing excessive, we still have a lot of votes to come in so time will tell I suppose [:(]
Meant to say that the student loan answer was for Nicola.
Hopefully sadone, you will get enough positive votes so that this one can be overriden.
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
kallis3 wrote:
Student loans are excluded from IVAs now so won't have a vote.
Sadone, some companies do ask for more money but that seems an excessive amount. Do you know where you are supposed to get this extra money from?
Does it mean they want more in the £ back and that will mean that it will benefit all the creditors? Our offer was 68p in the pound which our IP thought was really good.
