They've said there'd be little point because they don't have the majority vote. They've said if it gets rejected again I could look at increasing my payments (with help from a relative) to prevent it from failing. The variation has been escalated to one of the managers at my creditors for their deci...

Thanks - that's good to know it doesn't have to fail

So I asked the question, and they've said they're entitled not to vote. They won't be asking them to, as they've already had their opportunity.

My variation request has been rejected. GT has gone back to my controlling creditor with an increased off of an additional 25 pounds per month and a waiver of their fees. I've been told that the offer has been escalated to a manager, and I'm waiting their decision. I'm four years into my IVA but hav...

That's a good question and I wondered that myself. I'm going to contact GT tomorrow to ask that question.

Thanks. They've said I'll find out by 7 Nov. It's so frustrating that the creditors with the least amount of money owed are potentially going to cause the IVA to fail. I've really done my best to maintain payments and have been honest when I've been faced with payment difficulties. I'll be devastate...

Thanks.
GT seemed quite keen to push me towards BR, which is the last thing I want. They've offered to waive their fee to try to get the creditors to accept the 2nd offer. What happens to the money I've paid so far if I'm pushed to BR?

Mine has just been rejected, mainly due to the arrears. GT were confident that it would be accepted, but unfortunately it wasn't. GT felt it was a fair offer. They've gone back to the creditors that rejected it with an increased offer; 215 a month to 240, they've also offered to waive their fees. I'...

My iva adjustment has been unsuccessful. Some of my creditors didn't vote, and the ones that have declined it are the ones I owe the least amount if money to - £500/£800. I'm with Grant Thorntons. They've put an increased offer to the creditors - I'm just wondering what would happen if they declin...