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.
Bob Marley. http://kallis3.blogs.iva.co.uk
Unless you agree a break with your IP, yes. If you are concerned about the amount being paid, in the end, being increased by interim payments you can make a condition in the offer along the lines that "payments after [date] will be deducted from the lump sum offered".
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014 http://foggy.blogs.iva.co.uk