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Posted: **Mon Aug 20, 2007 12:24 pm**

I am now 67 but intend continuing full time employment until I am 70. This will only give me 3 years of full salary. After that I will be on state and private pension.
Can I either pay more and have the IVA settled in 3 years or agree a two stage agreement for 3 years and 2 years.
My debts are around £40,000 and I think I could pay now around £300 a month

Posted: **Mon Aug 20, 2007 12:26 pm**

Hi Andrew

Are you already in an IVA? If not, then I am not sure whether this is a suitable solution for you given your proximity to retirement. Have you given any thought to whether bankruptcy proceedings are a better option for you?

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk