What happens if my creditors don’t agree?
For your IVA proposal to be accepted, 75% of your creditors (in terms of debt value) must agree to the IVA. Even if the other 25% reject your proposal, it will still be legally binding to them.
For your IVA proposal to be accepted, 75% of your creditors (in terms of debt value) must agree to the IVA. Even if the other 25% reject your proposal, it will still be legally binding to them.
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