Ive been on long term sick since entering into my IVA and Im now being made redundant and I will get less than £6K. My firm pays PPI and have confirmed this will continue after my redundancy due to my ill health for the rest of my IVA (3 years to go, which I have been subsequently paying into my IVA...

Thanks very much everyone, I feel a lot better now!

Sorry, Im not getting 6 month's Redundancy only 2 months money, hence my question. Thanks

Hi, Ive been in my IVA now 2 years and about to be made Redundant. I will only receive 2 month's money as Redundancy pay and have worked out that I can pay my IVA standing order for a further 10 months whilst I look for another job. Will the Creditors accept this? Im frightened that they may take th...

Thanks all, I doubt very much they will accept the £4,000 as settlement as I owe much more than that and this is only our second year. I will let my IP know though and see what he says

Hi, thanks for your reply, I have COPD, Heart and Lung Disease, Lupus SLE and now a fractured vertabrae! So not good. Im aldready claiming DLA at th high level.

Hi, Ive been on Long Term Ill Health with my Company for the past 18 months getting 75% of my original wages and now my job is no longer there, they wish to make me redundant. I will only get approx £4,000 in redundancy money so cannot do a F&F settlement as I owe a lot more than that, and I do not ...

Hi Melanie, No, we cannot let it out to earm any income, as it still needs work done on it, i.e. roof repairs and decorating etc. We still have to pay all the usual bills, taxes etc.

Thanks Michael. Not sure how this would work as the property is abroad though, as I presume the auction would be an English one? Anyway, we will have to cross that bridge etc, thanks once again!

Hi, we have an agreement with our creditors to sell our house, as it has 100% equity and they require this, but it is not in this country and we are currently in rented accommodation as we do not have a house in this country. If we cannot sell the property abroad within the 4 years we have left on o...

Great, that's well explained thanks Kallis!

Sorry Lisa Im still confused, OK given this scenario, owe £100,000 on start of IVA, paid off £60,000- windfall say £100,000, are you saying that the whole of this needs to be paid across as well as what has already been paid into the debt owed?? or just £40,000 to complete out of the £100,000 windfa...

Hi, this is where I get confused again! Do you mean the whole total debt at the start of the IVA or less what payments you have already made? as to say the "total debt" is slightly confusing especially to me sorry!

Hi all, Basically we pay TWO separate payments.. so each debt is separate, but our IP has lumped the figures together for both of us i.e: 1 off Northern Rock Debt = £25,000 on mine and again on my husband's total debt owing Then added to mine are My Credit Cards etc, and then his Credit cards on his...

Ok, what about if I owe more than my husband, would his debt still remain to be paid, or would it be covered by my larger debt amout? Thanks[:)]