Not many reject automatically these days, the main thing being the nature of your offer -- if it gives them an acceptable return they will accept. Some can be a little more awkward that others, asking for a little more or a longer term ( notably Northern Rock). In any event, unless they hold more than 75% of the total loan value, they won't be able to fail the IVA on their own (but could, of course have a deciding vote, according to how the others vote. )
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
There are no known creditors to my knowledge that reject outright, even if they did they would need to hold at least 25% of the overall debt to be able to stop any IVA
its only natural to worry about the unknown when considering an IVA & panic yourself into thinling the worst ( i did )
Its fair to say that yes the odd creditor does vote against, but many either vote for, or dont vote at all.
if your about to commence on an IVA journey, or have taken the first step and are awaiting a creditors meeting, my advice would be not to worry , but look forward to the creditors phonecalls stopping and at last not worrying about how you are ever goimg to get rid of your debt.
Last payment made April 2012
Certificate received 1st Nov 2012
Next do not tend to vote and Argos are voted on by The Insolvency Exchange. The Insolvency Exchange vote in a very fair manner and as long as the proposal is fair I'm sure you will be fine. Please keep us updated
