www.iva.co.uk

I am currently 2 years into my IVA. Everything has been going as well as could be expected but I am now in danger of redundancy.
Will my IP take all of my redundancy money? (I will get less than £1000)
How will I be expected to pay my regular payments until I find a job?

Talk the your IP,you may be allowed a payment break to allow time to find another job. You redundancy money 1st and foremost is to allow some income while looking for other work,but if you have any left over by the time you find a new job it may be taken into the iva under the windfall clause.

With that level of redundancy I am sure your IP will let you keep it to defray your outgoings until you get another job.
It maybe advisable to inform your IP that redundancy is a possibility.