www.iva.co.uk

i ave an iva set up at the mo an i may take early release from my job which means i will have a lump sum which will ave 2 last me till i get a new job do i ave 2 pay the money in to the iva please can sum 1 advise me as it wont b worth taking if i have 2 pay it in 2 the iva thank u

Hi Tracy and welcome.

You are normally allowed to keep up to six months worth of any money until you find another job then anything left over will have to go to your IVA.

You do need to speak to your IP though for advice relevant to your IVA. They'll advise as to what to do.

Hi and welcome to the forum, do take case specific advice from your IP but just to wish you all the best in whatever you decide to do. x

thank u 4 replying i rang my ip an thats wat he told me i thought i could pay a lump sum in 2 iva an end it but they say no they class it as a windfall not 100%if i am going 2 take it not sure if it would b worth me taking it but that u so much 4 replying

kallis3 wrote:

Hi Tracy and welcome.

You are normally allowed to keep up to six months worth of any money until you find another job then anything left over will have to go to your IVA.

You do need to speak to your IP though for advice relevant to your IVA. They'll advise as to what to do.

My pleasure. Depending upon how much your lump sum is then you could ask they they hold a variation meeting to accept this money as a full and final.

Which company are you with?

i think thats wat i am going 2 ask i wont now anything till middle december got a few weeks 2 think about it thank u

kallis3 wrote:

My pleasure. Depending upon how much your lump sum is then you could ask they they hold a variation meeting to accept this money as a full and final.

Which company are you with?

Let us know how you are getting on.