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What happens if some creditors refuse, and
others accept? |
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For an IVA to be successful, you need most of
the creditors to accept the proposal. It will
then be legally binding on the others, even if
they refuse. To be more precise: of the
creditors who respond to your IVA proposal,
those who have lent 75% of the total debt
represented by vote need to accept the IVA. For
this reason, if you have four creditors or more,
your IVA proposal will have a better chance of
success.
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 Apply Now |
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