Another thought, I’m going to be put on garden leave for 3 months, after this notice period my redundancy will be paid. If I find another job within the 3 months notice I’ll then forfeit the redundancy, meaning it won’t be paid into my IVA. It’s likely I won’t get another job on the same salary and ...

Thanks for the reply.

If I were able to find a family member willing to lend me £10k and I pay them back with my redundancy money is that possible?

Do they look at your bank statements once the F&F settlement has been agreed?

Today I’ve been put at risk of redundancy and I’m 5 months into my IVA. Over the 5 years the plan is to pay back £12300, I plan to offer £10000 as a full and final payment. Do you think this is likely to be accepted? I will eventually get a new job, but am worried it’s likely the salary will be a lo...

Foggy wrote:

Looks promising, Gareth .

Thanks, my creditors meeting is October 23rd, I’m so nervous, I’m just hoping there no issues and it will be approved.

Thank you all for your replies, my fingers and toes are crossed.

I think you should be okay as you have consolidated debt rather than just borrowing and going on a shopping spree. This is generally a pattern of borrowing before people apply for an IVA as Foggy said so try not to worry about it too much. Has the IVA company said it would be an issue? They have sa...

<t>I've applied for an IVA, the proposal done, just waiting to hear when the meeting is. My main concern, before applying for an IVA I did a balance transfer to one of my credit cards totaling £6k, I did this as I was offered 18months interest free and would reduce the minimum payment I was paying e...