I am currently looking at entering into an IVA, and it would start within the next 2 months. I am currently employed full time and have been made aware that in a year my work would offer me £9000 after tax to remain with the company for another 3 years. Some of this would be an early payout from my pension. I am 27 so no where near an expected payout from it this is just a one time deal. Would my IVA swallow all of this? If not could I use this £9000 to settle my IVA if it was a suitable amount.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
It is likely that your IVA will take this payment, or at least around half of it, in addition to your usual monthly payments.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Visit my blog here : http://foggy.blogs.iva.co.uk/