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Creditors meeting
Posted: Fri Aug 21, 2020 11:48 am
by Sunny3129
hi, my IVA creditor meeting was set for 11 am today, 21/8. I had not heard anything from IP so at 12pm I messaged them, they have got back to me and advised that they are still waiting on all votes to come in and will update me on the outcome this afternoon.
does this indicate that the IVA will be rejected? I thought all votes needed to be in for the set time of the meeting, which was 11am?
thanks
Re: Creditors meeting
Posted: Fri Aug 21, 2020 12:00 pm
by Foggy
Some firms do this as a matter of course, some ... I won't say 'lie', but, get inventive about reasons for delays, rather than say gone to lunch .... In some cases, if the vote isn't looking favourable they will chase other creditors to swing it .... could be many reasons. Hang in there.
Re: Creditors meeting
Posted: Fri Aug 21, 2020 12:07 pm
by Sunny3129
Thanks Foggy, hope it is just a 'gone for lunch' thing!
Today is on course to be the longest day ever for me!
Re: Creditors meeting
Posted: Fri Aug 21, 2020 2:08 pm
by kallis3
Fingers crossed!
Re: Creditors meeting
Posted: Fri Aug 21, 2020 3:46 pm
by Sleepybunnie
Does that mean when I have my CM meeting on the 2nd sept that I may also have to wait? I was given the impression that I would get a reply back on the 2nd... is that not the case ?
Re: Creditors meeting
Posted: Fri Aug 21, 2020 3:52 pm
by Foggy
Fri Aug 21, 2020 3:46 pmSleepybunnie wrote:
Does that mean when I have my CM meeting on the 2nd sept that I may also have to wait? I was given the impression that I would get a reply back on the 2nd... is that not the case ?
You usually get the results within an hour or two. Some firms ( CF noteably) mess around a bit more than most, but you should know on the day.
Re: Creditors meeting
Posted: Fri Aug 21, 2020 4:49 pm
by Sleepybunnie
Ok thank you!
Hopefully all is approved
