IVA Creditor Meeting
 

If 75% of the value of the creditors who vote by the date of the Creditor Meeting say yes, then your IVA is accepted.

Once the IVA is accepted, then all of the creditors listed in the IVA proposal document (even the ones who didn’t bother to vote) are bound by law to bide by the terms of the IVA (they cannot bother you again).

 


 
     

Most Frequently Asked Questions about IVA
What is an IVA?What is an IVA?
Pros and Cons of an IVAPros and Cons of an IVA
I do Qualify for an IVA - but is it better than bankruptcy?I do Qualify for an IVA - but is it better than bankruptcy?
What is an IVA going to cost?What is an IVA going to cost?
What is the IVA process like?What is the IVA process like?
Click here to read more FAQ about IVA
 

 

 
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Debtor (you) Debt Collectors (or Bailiffs) Judge/Law Creditors (or loan sharks)Insolvency Practitioners  (aka IPs) (or wise owls!) IVA Advisors