Request for IVA to be settled on funds paid to date | Sample letter

This sample letter covers England and Wales

To view all sample Letters that cover Scotland, please click here.

Use this letter to ask your IVA supervisor to consider making a proposal to your creditors that your IVA be completed early. Contact us for advice before using this letter.

You can choose to send a letter in your own name or in joint names. You may want to write a letter in joint names if your IVA currently takes into account your joint circumstances.

Fill in your contact details, account number and any extra information you want to include in the grey shaded areas.
Today’s date will be added automatically.
Sign each letter and enclose a copy of your budget if needed.

Letter in joint names

You can choose to send a letter in your own name or in joint names. You may have a debt in joint names, or want to write to your creditors together because you have worked out a joint budget.

Change to joint version

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27th July 2024 [today’s date]*

Dear Sir/Madam

Account number:

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Request for IVA to be settled on funds paid to date

I am writing to you about my IVA. I understand that you can make a proposal to my creditors to settle the IVA based on how much I have already paid into it.

Please accept this letter as a request to propose a ‘funds paid to date’ variation to my creditors.

I have made

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payments into my IVA, totalling

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. Unfortunately, due to my circumstances changing, I can no longer afford my instalments. I have enclosed a copy of my budget which gives details of my financial circumstances.

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I am happy to provide any further information that you need.

I look forward to hearing from you.

Yours faithfully

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Request for IVA to be settled on funds paid to date (sole name)

Request for IVA to be settled on funds paid to date (sole name)

Letter in joint names