Hi, my IVA was due to finish in April 2020. My IVA was extended by 12 months in lieu of equity taking it up to 01/04/21.
I am divorced and have recently taken Discretionary compensation. This was due to my eldest daughter being under CAMHS and having several suicide attempts. She needs supervision at home and cannot be left alone.
Basically in the way you started here ---- chat with your IP ( hopefully you are with a 'more sympathetic' firm). Much will depend on the wording of the order, but I would labour the fact that this compensation is intended for the care of the child and is not 'extra income' or a windfall.