www.iva.co.uk

Hi,

This is my situation.....

IVA agreed £15,000 over 5 years
£3000 paid off so far
Original debt of £30,000

Redundancy package (spent!) £10,700 which I have now been told is to be repaid before the end of term.

I have means to end the IVA through a full and final by means of a third party but unsure as to the amount to offer.

Your IVA must be in default if you have spent all the money unless it was 6 months living expenses and covered by the terms of your IVA. If you are still unemployed and the money has just run out any offer around £10k should be acceptable.
It really depends on a number of factors so you should discuss this with your own IP.