TIX

Get expert opinion. This is the place for new questions to be posted.
8 posts Page 1 of 1
 
 

running_woodchucks

User avatar
Posts: 32
Joined: Fri Aug 27, 2010 1:15 pm
Location:

Post by running_woodchucks » Sat Dec 18, 2010 6:19 pm
Does anyone have any information on this group.

They seems to vote on behalf of creditors at IVA meetings ?

Tried to look at their website but its a bit vague.

Thanks
Last edited by running_woodchucks on Sat Dec 18, 2010 6:19 pm, edited 1 time in total.
 
 

kallis3

User avatar
Forum Expert
Posts: 77177
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Sat Dec 18, 2010 6:38 pm
They are usually pretty good when it comes to voting. They may well have bought up your debt.
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
 
 

Foggy

User avatar
Posts: 33396
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Sat Dec 18, 2010 6:52 pm
TiX acted on behalf of most of my creditors and voted "yes" for each of them. They suggested an uplift of £28 (they thought the bus fares our IP had proposed for my wife were OTT at £50)which I had expected anyway.

Of my total debt they covered around 60%, so they had a lot of clout --- glad they voted in my favour (so to speak).
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
 
 

kallis3

User avatar
Forum Expert
Posts: 77177
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Sat Dec 18, 2010 7:01 pm
They should vote individually for each creditor.
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
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:

Post by MelanieGiles » Sat Dec 18, 2010 11:34 pm
They act for a number of lenders and tend to have the influencing vote in most cases we put forward. Thankfully they generally accept the IVA terms and make very few (if any) changes which affect our clients.
Regards, Melanie Giles, Insolvency Practitioner
 
 

Imhotep

User avatar
Posts: 382
Joined: Sun Aug 01, 2010 11:36 pm
Location: United Kingdom

Post by Imhotep » Mon Dec 20, 2010 9:38 am
I dunno. They voted in favour for our IVA but they do seem to like their uplifts, so I'm not a big fan.

They represented over half of our creditors as well. I personally did not like the idea as it sounded line a 'stacked deck'.
 
 

Drew

User avatar
Posts: 119
Joined: Tue Nov 16, 2010 3:50 pm
Location: United Kingdom

Post by Drew » Mon Dec 20, 2010 11:17 am
TiX seem to be taking on more and more creditors votes these days. Lloyds and Black Horse most recently but who knows what the new year will bring. They are pretty reasonable though and with any cases that uplifts have been requested on will discuss and negotiate if possible.


Drew
CertDR Qualified
 
 

liamjames

User avatar
Posts: 734
Joined: Mon Jul 27, 2009 9:58 am
Location:

Post by liamjames » Mon Dec 20, 2010 2:04 pm
Drew, you're doing toughguy as well? I'll see you there!

TIX tend to vote fairly and are very professional. It's certainly useful to be able to devote your time to a few representatives rather than deal with each creditor individually, especially when it comes to variation meetings.
Take care,

Liam James
Varden Nuttall
http://www.vardennuttall.co.uk

Read our reviews here: http://www.iva.com/iva_companies/Varden_Nuttall.asp
8 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”