You could get around this by offering to draw the pension for the purposes of a full and final -- if they refuse, you don't draw anything down and the IVA continues as before.
You say you have £14k left in IVA payments --- what time is left ? The longer the time saved (therefore administration costs) the more you could deduct.
Redmanstu1962 wrote:Hi I have five years left surly if my busness is not doing well and their is a chance it could fail they would except a resnable to finish it
You can never guess what creditors will accept -- I have seen low offers accepted and high ones refused. I would go in with an offer of £10k. Maybe an Industry Expert come along and will better guide you tomorrow.
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