Severance Pay & IVA
in IVA & DRO
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Just looking for some advice before I contact my IVA company.
I have 21 months left on my IVA and I've just showed interest in Voluntary Redundancy as I work in aviation and it's a case of take this opportunity or there's a risk of being pushed. Plus I have had an interview and been given a place at a local college to get into Nursing. This would be one year of college followed by 3 years of University before I potentially have earnings. This VS has come at good time really and I feel like this is my chance to get out.
However, I'm worried about the VS and the IVA. I realise I will probably need to give up a large chunk of my VS and just keep 6 months salary until I find another job. However - I don't think I will be able to study on a full time course, do the school runs for my daughter and work part time. So I won't have an income. My husband will be the sole earner and I'm unsure if we would get much help financially.
Will they take my VS payment and end my IVA?
Basically, I want this all to be over. Could my VS be the end of my IVA early?
Thanks in advance