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Questions asked regularly and interesting questions asked elsewhere on Beat My Debt are posted here for the benefit of all.
#692
To approve your IVA, at least 75 per cent of the value of the creditors who vote at the Creditor Meeting must accept the proposal. If this happens, then even if some creditors said no, if the total value of the debt they have is less than 25% of the value who voted, your IVA will still be accepted and all creditors will be legally bound.

The only time that it may be difficult to get an IVA accepted is if you have one major creditor who will not accept the agreement. For example, if you have 3 creditors, you owe £10,000 to each, and two creditors vote at the Creditor Meeting. One says yes to the IVA and one says no. This means only 50% of the value of the creditors who voted in the meeting said no and the IVA would fail.