www.iva.co.uk

Hi, our IVA is due to end sep 2015. It was a five year agreement in which we owed £13,600, we've been paying £230 each month. We have left to pay £3,600. My father in law has offered to lend us the money to pay it off early. My husband has just changed jobs and his yearly income has dropped by almost 10k making things a bit tight. We are also expecting our third baby. What is an acceptable amount we could offer? We have spoke to our IVA company and they've said to get back to them with an offer we feel is an exceptable.

It sounds as if your surplus income has dropped substantially so creditors will not receive the £3600 remaining to pay. If you borrow this money it will take some time to repay so doi a new I&E with your IP and base any offer on that surplus.