Views on offering full and final settlement offer IVA

LankyLou26

Hi. In my IVA with Grant Thornton, so far I have paid £9,165 (39 months at £235). My debt stands at just under £28k and by the end of the 60 month period (Dec 2015) I am due to have paid in £14,100.
My employer has given us the opportunity to apply for voluntary redundancy and I have until 24th March to put in an expression of interest. With just over 16 years service, I estimate I will receive between £30 - £33k before tax. Do you think my creditors will be prepared to accept £10k as a full and final settlement offer? And what would I need to do to take this forward? I spoke with Customer Services team in Grant Thornton yesterday and the gentleman I spoke with mentioned that a variation meeting would need to be called to review the circumstances. I have not received an actual compensation quote in paperwork as I haven’t expressed my interest yet and if my IP and creditors are likely to reject my offer, then I do not see the point in my applying. However using our online calculator in my workplace this is how the estimate has been reached With current changes in my work and low morale in the organisation have contributed to me experiencing high stress and anxiety levels with a period of sick absence this year, which is still having an impact on my nerves and mental health generally. I would welcome the opportunity to re-train in a job role which provides less stress!
My idea to offer £10k is based on the assumption that I can retain up to 6 months for my living expenses £just under £10K), £3k for further educational studies to improve my chances of securing a job within 6 months and around £5k to allow me to take driving lessons and purchase a car to improve my job prospects (I have noted this is now an essential criteria on many person specifications I have viewed).
Any views welcomed

longtermplanner

I would guess that 10k is very likely to be accepted to settle your IVA.

I think you should ask GT whether they will recommend £10k is accepted. If they say yes, then apply for redundancy, then when you have confirmation that is agreed, ask GT to call the variation meeting.

LankyLou26

Thanks Longtermplanner, I will contact GT in writing to see what they say.