Can an individual creditor refuse to accept an IVA?
The decision to accept or reject an IVA is made by a vote of your creditors at a creditors meeting. You need to get 75% acceptance by debt value at that meeting for the IVA to go ahead. If less than 75% by debt value vote to accept the IVA, the IVA will fail. Once the IVA has been accepted by vote at the creditors meeting, all creditors are bound by law to accept the arrangement.
