www.iva.co.uk

Hi I’m currently on my final year of a 6 year IVA
I was made redundant in February this year and had to hand my redundancy over but allowed to keep 6 months while looking for a job. I started working again 2 months ago but less hours and much lower income. Because I started work before the six months were up I have a bit of the redundancy left but will not be earning enough to be able to make my last 4 payments would I be entitled to use the left over redundancy to cover this ?

What should happen is that the remaining redundancy should be handed over and, in view of your reduced income, a new I&E carried out to get the remaining payments reduced. However, with only 4 months remaining, your IP might be open to discussion.