Why should my creditors agree?

In all cases, they will receive more than they would if you were to go bankrupt.
Chasing debts costs money. By entering into an arrangement such as an IVA, creditors no longer need to actively pursue the debt, so they can save on costs.
Generally creditors prefer arrangements that are properly supervised by an experienced industry professional, which includes IVAs, which can only be administered by a qualified Licensed Insolvency Practitioner, such as ourselves

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