If we can't find work would they accept just benefits etc. or would it mean bankrupcy,which we don't want?

If taken it would be £9800 redund/compensation.

thanks luluj They are offering a 'compensation lump sum' to go with early retirement lump sum+pension. I.P. want both lump sums!

thank you for that.
we have been told that any lump sums we receive must be handed over but they are allowing a 3 month break from mthly payments while we try and find other employment?

THANKS KALLIS 3 ,
I'M STILL TRYING TO FIND MY WAY ROUND IN REPLYING!
HOW DO I CORRECT SPELLINGS I'VE ALREADY SENT?

What was your original offer to creditors - ie what dividend was offered? How much has been paid in. You could structure a F&F from part of the proceeds of the voluntary redundancy - lets see the figures so that proper advice can be given. Hi, 25p in £ have paid = 19 x £616 = £11704 they have told ...

Hi,They want all lump some moneys,plus, most are accepting now because of amount ofsum and it's going to happen shortly anywa.
Thanks,
ike

Hi,My wife and I have joint IVA , 2 YRS old in May 09.My wife has been offered Compulsary Early Retirement from work.Our IVA provider has told us that they would want any redundency/compensation sum,plus her civil service pension lump sum? Also that she would have to find new employment? My wife wil...

Yes Melanie,that is very good to know.

Yes ,I have found out from my IVA I will need to pay 50/50 of any bonuses!
Many Thanks All of You!

Hi,
IF I RECEIVE A WORKS ANNUAL BONUS DO I HAVE TO PAY A PROPORTION TO MY IVA COMPANY?

How does holding shares/income affect IVA's?

Hi,
When I retire my company pension would include a lump sum.
Would my creditors be entitled to this lump sum if my IVA had 1 or 2 years to go before IVA payments completion?
Thanks

Hi,
Now that IVA's are increasingly popular I read that Banks etc are refusing more and more IVA's? Is this true?
Thanks