If you have c3 years left that amounts to payments left of c£7,300.
This is the amount to base your offer on.
After allowing for cost savings etc I would think a lower offer may still be seen as attractive enough to accept by creditors, say £5k.
Please do NOT draw anything down unless and until creditors accept the lump sum full and final offer first.
If you draw down before the offer is accepted (or after the offer is refused ) it will be payable into the IVA as an asset, unless pension proceeds are specifically excluded in your proposal.
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