Thank you for all your help and advise. I have now informed my IP and they will get in touch with my creditors. It's really nice of you to provide such free expert advise for people who are in our situation, it's comforting to know there's someone to turn to get honest and independent advise. Best w...

Hi Melanie, and thank you John for your post The IVA is for 5 years. My understanding of the 2 years may be wrong. Here's what it exactly says in the contract: "There's to be no variation within the first 24 months of the arrangement. After 24 months where there is a major variation to the terms of ...

Thanks for the response Melanie, I had a few other questions regarding the above matter if you could kindly answer them if it's not trouble. 1 - My redundancy package consist of £8000 before tax (taxable) Time in Lieu payment for 3 months salary and £17000 (tax free) as ex-gratia. Can my IP ask for ...

Hi, I took an IVA out just over a year ago and have just this month been made redundant. I have gone through all your post and found this reply from you which could be relevant to my situation: "How long have you been in the job, and are you expecting any sort of redundancy package? If so, this can ...