You will sign all relevant documentation, including your proposal and this will be presented to your creditors. The proposal contains details of your income and expenditure, Statement of Affairs and other statutory documents. A virtual meeting of creditors will then be called and your creditors will vote to accept or reject your proposal. For the IVA to be approved, 75% in value of voting creditors must agree to the proposal, provided this is achieved then the IVA will proceed as agreed.