Thanks for all your respnses. I spoke to my IP with Grant Thornton and are happy for us to do this as will reduce fuel costs, as long as we can afford monthly IVA repayments we dont have any cap on how much we can spend on a bike using the scheme. Excellent news cant wait to get my new wheels! Thank...

I am wanting to do the bike to work scheme through my work this year, is this possible in an iva? I can afford the payments just dont know if it will effect me joining the scheme with work (i.e. will it be declined as in an iva) and dont want any embarrassment. Any advice appreciated.

Thank you so much for your replies I really appreciate it. I thought as much as they seemed too good to be true!

I keep getting flyers in the post from companies saying that an iva may not of been the best option for me and they can redcuce my payments/debt term and protect my home. Has anyone else had such flyers the last one was from IVA debt line - are they just rubbish or worth looking into?