It is worth running it by your IP as an option --- if they took everything over the 6 months now, they are gambling that you would be able to continue with the IVA if you didn't find work before that ran out, at least if they take the £7k as a full and final offer and closed the arrangement on that...

They generally allow you to retain the equivalent of 6 months salary from redundancy pay, with which to live and continue paying the IVA while you look for work. The rest (if there is any) goes into the IVA to increase the dividend. You could offer the retained amount as a full and final -- but, th...

Hi, My IVA is due to end Feb 2021 and I got told about an hour ago that redundancy is imminent for some staff. I pay £350 per month currently and redundancy payout will be £7125. My payments til end date total £7350. Would they take redundancy pay as a final payment or see it as extra to take then t...

i entered into an iva 3 months ago, i kept getting calls from a creditor so spoke to my IP. i was told that the company uses a third party and that the iva just hadn't filtered to the company yet. when they rang me again i told them this an was told that my debt is with them, nobody else and that i ...