Proposal accepted by default???
February 29th, 2008 by Questions
I put forth a division 1 proposal with my trustee to 5 different creditors. Only 1 voted, and accepted the proposal. The others, including a bank to which the vast amount of my debt was owed, didn`t event send in a vote (yet alone attend my creditor`s meeting today). Is this normal? Why wouldn`t they try to negotiate a better proposal? It just seems too good to be true!