Re: Creditor's Meeting - do I need to go?
Quote:
Originally Posted by EssexDave
Not worth you going.
Generally a meeting of creditors is called for one of a few reasons.
If there are administrators in place, I'd imagine it's for them to ask you for permission to spend money on something. You get voting rights equal to your debt compared to everyone else's. So, if you're owed £1,000 and they owe £100,000 you have a 1% vote. It may be enough to swing it.
If it is the case that they are asking for a voluntary arrangement to be agreed, then again you will have the same amount of a vote.
Call the people calling the meeting and ask them what it's in relation to. Give me a ring or PM if you want more info.
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This
It would depend on the scales
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