www.iva.co.uk

if all the creditors who vote, vote yes, but they only constitute say 50% of the debt.

The other 50% dont vote either way, is the IVA rejected then?

For your IVA to be agreed you need 75% of votes on the day to vote yes, so in your scenario the IVA would be accepted.

thanks skippy, thats interesting. so in theory if my 3 smallest creditors were the only one's to show up and voted yes the others would have to accpet

That's right - strange isn't it?!?!

I seem to remember someone posting on here that an IVA had been accepted with only the smallest creditor voting.

Hi
Yes, just one creditor voting on the day, and who says yes, will mean that all creditors are bound by the IVA.
Regards

I once got an IVA accepted on the back of a dentist's £140 bill. It was the only vote, but it constituted 100% acceptance.