No. Your creditors have the right to reject that arrangement we propose to them. As part of the process, we negotiate with each creditor individually. We hold a creditors meeting to give each creditor the opportunity to accept or reject the offering. During this time in the process, we will negotiate the best possible outcome for you to consider.
If your Personal Insolvency Arrangement (PIA) is rejected, it may now be possible to appeal this decision if we believe the creditor’s decision has been unfair or unreasonable.