Just had to say, Hi Mrs Skint - some information about the report
The report will contain details of the revised offer to creditors and a statement showing the anticipated return to creditors. The report and statement will compare the original return with the revised offer, and the Individual Voluntary Arrangement (IVA) Supervisor will comment and give their opinion that the IVA variation represents a fair offer to the creditors.
The Individual Voluntary Arrangement (IVA) Supervisor is required to give a minimum notice period to creditors of 21 days to the creditors of the variation meeting, although this period can be as much as 28 days depending on the terms of the Individual Voluntary Arrangement (IVA) proposal.
A majority in excess of 75% of the creditors voting is required for the Individual Voluntary Arrangement's (IVA's) variation to be approved.
Hope it helps I borrowed it from a website
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