Is It Obligatory for Debtor to Attend IVA Creditors’ Meeting?

As long as attending the meeting of creditors is regarded in fact of IVA it is not mandatory for debtor to turn up and attend the meeting if there is any complication in traveling or due to any unforeseen development. Insolvency practitioner (IP) is sufficient to be present there to chair the meeting and to get the necessary acceptance from creditors. Even creditors frequently use fax facility to send their vote regarding the consent or rejection of an IVA rather than arriving at the situation personally. So if a debtor is not feeling convenient with attending creditors’ meeting then he can stay at home to wait for the outcome of meeting. What he desires to do is being accessible at phone or online at the end of the day to talk over amendments needed in IVA application in case of insufficient endorsement.