If I come in to some money or a family member helps me out with some money and I pay it to iva will I still have to keep paying for 5 years Even though it will reduce my debt
During an IVA you always owe the full original debt, plus fees and possible statutory interest. It is only when you make your last payment and the IVA is completed that anything is written off.
If a friend or family member can come up with enough to make a reasonable full and final offer ( usually whatever is left to pay under the agreement )then it is possible to end early.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014