A self-employed individual has received advice from an insolvency practitioner to consider entering into an Individual Voluntary Arrangement (IVA). The individual currently has unsecured debts to the following creditors:

- £1,000 to Creditor 1
- £2,000 to Creditor 2
- £11,000 to Creditor 3
- £25,000 to Creditor 4

To approve the IVA proposals, creditors owed money must vote in favor.

Which of the creditors listed above must vote in favor of the proposals for the IVA to be approved?

Creditors 1, 2, and 3.

Creditor 4 only.

Creditors 3 and 4.

Creditors 1, 2, and 4.

All the creditors must vote in favour.