Ok thanks guys. I hadn't thought about using the money to end the IVA early but as you say Melanie, the job market is dire at the moment. I'm not confident about getting another job anytime soon. I will speak to my IP today, thanks very much for all your replies.

Hi. I''ve been in an IVA for just over two and a half years now and I found out in December that my company are cutting over 300 jobs and mine is one of them! They are offering voluntary redundancy at the moment and I have been quoted a total of £19,924.00 to leave now. Compulsory redundancies will ...

Hi. I've been in an IVA for just over two and a half years now and I found out in December that my company are cutting over 300 jobs and mine is one of them! They are offering voluntary redundancy at the moment and I have been quoted a total of £19,924.00 to leave now. Compulsory redundancies will b...