www.iva.co.uk

I am currently waiting for a proposal from Melanie so I can put forward an IVA - in the meantime I have started to receive letters from debt collection agencies, my creditors are obviously selling the debt on - can someone please advise if these are passed over who makes the decision with regards to the IVA is it the creditors or the debt collection agency which the debt is now with??

H sugababe

If the debts have been sold on it will be the new owner of the debt who votes at creditors meeting.
Just send these letters on to Melanie's office so they can put in your file.
You are in very safe hands with Melanie[:)]

Hi Sugababe, as Emma says, the company who ends up owning the debt will vote at your meeting. My MBNA debt was sold on before my meeting, so Eversheds voting for them

It is generally the creditors who will make the decisions rather than the debt collectors, who are likely to become disinterested in collecting from you once they become aware that you are proposing a formal insolvency. And as we have already written to all of your clients, they ought to be fully aware of the situation.