The national rejection rate currently stands at 17% of lodgments. Some administrators have an acceptance rate well over 90%. Rejection may depend upon a number of factors:

The creditor is of the opinion that you could make a higher offer of settlement.

Information supplied does not tally with information given at the time of granting credit.

The loan may be very new and a creditor is concerned that original information given may not have been given truthfully or the loan was not used for the purpose it was granted.

Rejection may not be the ‘end of the road’. A new and further proposal can be made to try and satisfy the creditors’ concerns. However all creditors must be treated equally and one creditor cannot be offered more than any other.

If further attempts are rejected then the only alternative may be bankruptcy or private arrangements with each creditor.