www.iva.co.uk

Will my pension be included in any figures re repayment /calculations I have been told it may be safe. I am in a DMP ,which willbe reviewed in October. In September I could retire and get lump sum out. I had thought of taking the max lump sum and go halves with a friend onasmallhome to give me security in retirement but will the DMP or an IVA want this or some of it. Another option would be to go into rented andmake a settlement with the lumpsum.

Your pension monies are yours to do what you wish with them - and in a DMP you have made no pledge of assets to your creditors.

Have a chat with your DMP provider to see if they feel it is worth considering an early settlement.

If you buy a property and do not resolve the debt problems once and for all there is a danger that creditors would get wind of this and they could seek to secure their debts against the new property. This could eventually lead to repossession. As Melanie suggested you could speak to the DMP provider about settlement or alternatively seek the advice of an IP concerning a one off full and final IVA. At least you could then enjoy your retirement hassle free.

Yes - visit www.iva.com for reviews on IP's who will give you free advice and suggest the most appropriate option.