question category: IVA

How is the decision to accept or reject an IVA made?
Submitted on: 28th Oct 2008 by Non-Member | Total Answers: 1

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IVA Acceptance

For an IVA proposal to be accepted creditors representing 75% of the debt value of those who respond to the proposal need to agree.

If creditors don’t respond they lose their vote even if the proportion of the total debt owed to them is high.

If your IVA is not accepted, read IVA not accepted.

 

Popular IVA searches: free iva, iva companies, iva calculator, iva explained, iva gov

Submitted on: 29th Oct 2008 by TA Member

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