Page 1 of 1
Posted: Sat Dec 18, 2010 6:19 pm
by running_woodchucks
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
Posted: Sat Dec 18, 2010 6:38 pm
by kallis3
They are usually pretty good when it comes to voting. They may well have bought up your debt.
Posted: Sat Dec 18, 2010 6:52 pm
by Foggy
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).
Posted: Sat Dec 18, 2010 7:01 pm
by kallis3
They should vote individually for each creditor.
Posted: Sat Dec 18, 2010 11:34 pm
by MelanieGiles
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.
Posted: Mon Dec 20, 2010 9:38 am
by Imhotep
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'.
Posted: Mon Dec 20, 2010 11:17 am
by Drew
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
Posted: Mon Dec 20, 2010 2:04 pm
by liamjames
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.