I agree, completely. I don't understand though, why the continuing contributions (with a proviso that, once I get a job, I pay half the remainder of the windfall into my IVA) was dismissed. Well, it's been an experience - not one I'd care to repeat, but I would like to say it's taught me an awful lo...

I admit it was a huge gamble, and time was too short to allow the 28 days required. But when I discussed it with my administrators and explained that I had to made a decision quickly, I was told several times that there was a very good chance that a) the settlement offer would be accepted, or b) tha...

Thanks. Ah well, at least my conscience is going to be clear, knowing I've paid back everyone absolutely everything I owe! I'm starting to feel more positive about the whole crappy situation now, and I've well and truly learned my lesson! Wouldn't have taken the redundancy under these terms, had I k...

Okay, update - my offer was rejected, and they are claiming £18,000 of my £36,000 payout. Despite the fact that I have paid back £7,000 of the £21,000 already. Something to do with fees and interest. None of this was mentioned to me while I was in discussion with my IVA administrators, and when I qu...

Hi, Melanie, and thank you very much for your swift reply! I suppose I'll just have to sit tight and hope it's still a worthwhile option when they've taken their due.
Thanks again!

Hi, new member here - drawn in from Google as my question is almost exactly the same as Retwiz: been offered voluntary redundancy with the likelihood of compulsory soon if I don't take it. I'm also 2 and a half years into my IVA - the original debt was 21,000 and the agreed final payments would be a...