Can I settle my IVA early? I am thinking of applying for voluntary redundancy, and offering half of my remaining IVA to the banks. The IVA company I am with doesn't like it, as they will be losing money off me.
My understanding is it will depend on the size of your redundancy. You are normally allowed to retain six months salary and then the balance should be sent into the IVA - whether your creditors then agree to say that is enough and the IVA ceases will depend on your own circumstances and what the chances are of finding alternative work - best speak to your IP direct and get a definitive answer from them.
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