With regard to the redundancy compensation you are going to get, assuming you have the usual clauses, you are normally allowed to keep the equivalent of 6 months salary with which to live and pay the IVA while looking for a new job. The rest is payable into the IVA. If you find work in, say, three months, then the "unused" part of the 6 months money you were allowed to keep (3 months salary) has to be handed back to the IP to go into the IVA.
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