Hi Andy - thanks for your advice. I've just rung the IVA Helpline and unfortunately their advice differs. The lady I spoke to believes that any lump sum, no matter where it is from, is classed as a windfall. I find this so hard to believe because as you say, this money is for our future, to fund our...

Hi catullus Thank you for your advice. We have had some more discussions, both with our financial advisor and the guy who was previously our IVA supervisor. The IVA proposal document which we signed up to states that neither of us is a member of a pension fund. However, this is not strictly true. We...

My husband and I are nearing the end of a 1 year IVA, which we had to do as the result of a business failure (NOT through mis-spending on credit cards etc). The total payment on the IVA is £73k (including £6k of charges to the IVA company). In order to pay this we have made a monthly payment of £100...