Questions about Individual Voluntary Arrangements and Insolvency.

Moderators: TalbotWoods, JaneClack

By brucewayne
#222814 Ok there is a real chance i could be made redundant . im in the final year of my iva light at the end of the tunnel at last.What would my ip expect in this situation ? just carry on paying? full and final using some of redundancy? or to take the lot? help please
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By JaneClack
#222839 You could use part of the redundancy to pay off the rest of the payments as then you are satisfying the terms of the IVA. This happens a lot when people have to remortgage - they remortgage and add the remaining payments and finish early. Ask you supervisor how much it would cost to finish it.