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Creditors Meeting

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(@delboy69)
Eminent Member
Joined: 11 years ago
Posts: 48
Topic starter  

Hi

Well my 5 week waiting period was over last Friday! Thankfully Trustee has told me that a creditors meeting was held and no objections were received and that paperwork would be off to AIB in next few days.

I forgot to ask my trustee what the Creditors Meeting actually entailed. Was it a meeting with representatives of my creditors or simply a trustee meeting in relation to any creditor objections?

I was wondering if anyone could shed light on this for me.

Thanks

Derek


   
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Mark McFadyen
(@mark-mcfadyen)
Famed Member
Joined: 16 years ago
Posts: 4798
 

Hi Derek

It is really unusual for a creditors meeting to be called in a Trust Deed as there is no requirement for one. Even if one was held, noone ever turns up.

Mark

Mark is not posting regularly in the Trust-deed.co.uk forum.


   
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Mark McFadyen
(@mark-mcfadyen)
Famed Member
Joined: 16 years ago
Posts: 4798
 

Sorry I meant to say, it is generally to hand out the statement of affairs and discuss the case then vote to have it accepted.

Mark

Mark is not posting regularly in the Trust-deed.co.uk forum.


   
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(@sparky1)
Reputable Member
Joined: 12 years ago
Posts: 277
 

Why doesn't the debtor get invited to show up.....? Not saying I would have either :o)


   
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(@delboy69)
Eminent Member
Joined: 11 years ago
Posts: 48
Topic starter  

Thanks Mark

Now that the paperwork will shortly be off to AIB, are there any circumstances where they would refuse to protect the trust deed? Or is it more a case of simply rubber stamping it?

Counting the days til i see it protected in the ROI!


   
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Mark McFadyen
(@mark-mcfadyen)
Famed Member
Joined: 16 years ago
Posts: 4798
 

Hi Derek

If it has been agreed by the required number etc and the Trustee has followed all of the requirements, then it should be recorded without any fuss.

Mark

Mark is not posting regularly in the Trust-deed.co.uk forum.


   
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(@delboy69)
Eminent Member
Joined: 11 years ago
Posts: 48
Topic starter  

Thanks Mark, thats certainly a relief to hear.

When there is no reply received from a creditor, i take it that this would be viewed as agreement by Trustee/AIB?

Derek


   
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Mark McFadyen
(@mark-mcfadyen)
Famed Member
Joined: 16 years ago
Posts: 4798
 

Hi Derek

Yes, it's an acceptance by default if there is no response.

Mark

Mark is not posting regularly in the Trust-deed.co.uk forum.


   
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