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Posted: Sat May 14, 2011 2:07 pm
by ldx
Hey Guys

I have now received information regarding the selling of IVA's from Blair Endersby to GT. So glad for this site I find it very informative at all times. I now have 9 payments to conclude my IVA, will be made redundant in June and would like to use the money to draw a close to this chapter in my life, will this be feasible? Would appreciate some feedback, trying to keep my stress levels down.

Thanks

Posted: Sat May 14, 2011 2:10 pm
by Adam Davies
Hi
In theory all of your redundancy payment will have to go into your IVA, less six months net pay for you to retain.
Is the redundancy for sure ?
Regards

Posted: Sat May 14, 2011 3:06 pm
by kazzafunk
As Andy says you can retain 6 months net pay of any redundancy. I would speak to GT next week to discuss options