So...

20 posts Page 1 of 2
Post Reply
 
 

Casper

User avatar
Posts: 27
Joined: Mon Oct 06, 2008 7:18 pm
Location: United Kingdom
Post by Casper » Mon Nov 10, 2008 8:03 pm
Quote
...when you have a proposal or whatever where the creditors need to vote to accept (or not) what happens with non voting creditors. Are non votes classed as accepting, rejecting or not counted where you need 75% to say yes?

Just wondering as i've had a read through my paperwork and only one person voted on the original IVA application out of five.[:0]
Top
 
 

Viki.W

User avatar
Posts: 5647
Joined: Fri Feb 15, 2008 7:34 pm
Location: United Kingdom
Post by Viki.W » Mon Nov 10, 2008 8:06 pm
Quote
Hey casper, if only one person voted and that I presume was a yes vote, then you had 100% acceptance. All the other creditors that didn't vote are then bound by the IVA.
Last edited by Viki.W on Mon Nov 10, 2008 8:06 pm, edited 1 time in total.
If you would like to talk to me about your debt problems, please visit:
http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
Top
 
 

Casper

User avatar
Posts: 27
Joined: Mon Oct 06, 2008 7:18 pm
Location: United Kingdom
Post by Casper » Mon Nov 10, 2008 8:16 pm
Quote
Hi,

Yeah only the one vote and it was a yes.

I have a F&F offer on the table now and was just wondering if this one and only creditor does vote and says no, is that it rejected or are non votes classed as accepting the offer or not included either way?

Can previously non voters now vote or not?
Top
 
 

creditcrunched

User avatar
Posts: 141
Joined: Thu Aug 28, 2008 1:46 pm
Location: United Kingdom
Post by creditcrunched » Mon Nov 10, 2008 8:17 pm
Quote
yes they can all vote for the f+f
Top
 
 

Casper

User avatar
Posts: 27
Joined: Mon Oct 06, 2008 7:18 pm
Location: United Kingdom
Post by Casper » Mon Nov 10, 2008 8:19 pm
Quote
creditcrunched wrote:

yes they can all vote for the f+f
Umm, if they couldn't be arsed to vote on the original proposal what's the chances of them bothering now.
Top
 
 

creditcrunched

User avatar
Posts: 141
Joined: Thu Aug 28, 2008 1:46 pm
Location: United Kingdom
Post by creditcrunched » Mon Nov 10, 2008 8:23 pm
Quote
yes i hope you are correct just that one vote of yes would tie them all to the f+f.
i would think most of your debt will have been sold on but??
Last edited by creditcrunched on Mon Nov 10, 2008 8:23 pm, edited 1 time in total.
Top
 
 

Viki.W

User avatar
Posts: 5647
Joined: Fri Feb 15, 2008 7:34 pm
Location: United Kingdom
Post by Viki.W » Mon Nov 10, 2008 9:04 pm
Quote
Casper. you do need one yes vote, if none of your creditors vote them it's a no, but I really can't see this happening. If one votes yes and the rest don't vote then it's a yes.
If you would like to talk to me about your debt problems, please visit:
http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
Top
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:
Post by MelanieGiles » Mon Nov 10, 2008 9:22 pm
Quote
Your IP will ensure that all creditors are chased to submit a vote if no-one votes on the day of the meeting. Votes are calculated on the basis of those voting and not the overall creditor claims, so as others have said one yes vote means 100% acceptance.
Regards, Melanie Giles, Insolvency Practitioner
Top
 
 

Casper

User avatar
Posts: 27
Joined: Mon Oct 06, 2008 7:18 pm
Location: United Kingdom
Post by Casper » Tue Dec 09, 2008 6:40 pm
Quote
Well, today was the day and....






























My offer of my PP Insurace refund as a Full and Final was accepted. [:D]

Thanks to everyone on here who helped with my questions and thanks to DFD and my IP for putting the offer forward instead of taking the PPI money as a windfall.

Things are looking up. [8D]
Top
 
 

Lisa2009

User avatar
Posts: 5411
Joined: Thu Aug 16, 2007 12:17 pm
Location:
Post by Lisa2009 » Tue Dec 09, 2008 6:46 pm
Quote
Brilliant news well done xxxx
http://mrsskint.blogs.iva.co.uk/ 'Our Story'


Nil carborundum illegitimi
Top
 
 

kallis3

User avatar
Forum Expert
Posts: 77177
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom
Post by kallis3 » Tue Dec 09, 2008 6:53 pm
Quote
Congratulations Casper.

Good luck for the future.
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
Top
 
 

Casper

User avatar
Posts: 27
Joined: Mon Oct 06, 2008 7:18 pm
Location: United Kingdom
Post by Casper » Tue Dec 09, 2008 6:56 pm
Quote
Thanks,

I've now changed the words under my Icon to "IVA Completed". That looks and sounds soooooooooooooooooooooo good. [8D]
Top
 
 

kallis3

User avatar
Forum Expert
Posts: 77177
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom
Post by kallis3 » Tue Dec 09, 2008 7:01 pm
Quote
It does look good - I shall be glad when I can do that with mine!
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
Top
 
 

Adam Davies

User avatar
Posts: 14596
Joined: Thu Mar 29, 2007 12:21 pm
Location:
Post by Adam Davies » Tue Dec 09, 2008 7:05 pm
Quote
Hi
Well done Casper.......a great result
Andam Davies
Top
 
 

Viki.W

User avatar
Posts: 5647
Joined: Fri Feb 15, 2008 7:34 pm
Location: United Kingdom
Post by Viki.W » Tue Dec 09, 2008 7:09 pm
Quote
Ah congratulations Casper, that's fantastic news. Good luck for your debt free future. X
If you would like to talk to me about your debt problems, please visit:
http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
Top
Post Reply
20 posts Page 1 of 2
Return to “a success story”