Hi funk
Storm is quite correct, but do be aware that one the HP payments have completed, then you will usually be required to increase your IVA contributions to the extent of the HP saving.
This is only the case with HP agreements. A lot of car finance companies are now selling cars using unsecured loans - which customers believe are HP - so do check the terms of your specific agreement. If the loan is unsecured, then you will not be required to continue making payments, and the debt will be included in your IVA alongside the other creditors.
Regards, Melanie Giles, Insolvency Practitioner for over 20 years.
View my IVA blog at:
http://melaniegiles.blogs.iva.co.uk