Possibly, it is not definite though.

I am thinking of offering a full and final settlement payment to my creditors early on my IVA. It would not clear the full debt - it would be a reduced offer. If they accept I'd have no further payments to make on my IVA, although I do realise they have been checking my PPI situation to see if there...

Thanks everyone for your answers.

I will look into benefit entitlements carefully just in case.

I still am wondering if my creditors would be likely to accept to an offer of this size (£5.5k) under the circumstances or whether it would be touch and go, or even unlikely - if anyone has any idea?

Thank you both for replying so quickly. I was thinking that I might be able to get by on benefits until I got a new job. I am in a rented accommodation and so I thought I'd be able to claim housing benefit as well as JSA. I realise I'd be scraping by but was thinking at least I'd have the debt off m...

I could be made redundant soon. By then I will have paid 34 months into my IVA. Payments are £324 a month over 60 months. The actual debt was £33k. If I am made redundant the payout will be small, about £5.5k due to me being with my employer for only a relatively short period of time. According to m...