a worried father

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darren.j

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Post by darren.j » Sun May 13, 2007 10:14 pm
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my daughter is now doing an iva but she is due a compensation claim of £6000 which the iva do not know about what will happen to the money if they found out will they take it or not many thanks a worried father
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MelanieGiles

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Post by MelanieGiles » Sun May 13, 2007 10:23 pm
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Hi darren

Unless there is anything in your daughter's IVA which precludes her from having to hand the money over, the award will be deemed to be a windfall, and she will have to declare it to her Supervisor and hand the money over.

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
Regards, Melanie Giles, Insolvency Practitioner
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Oliver

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Post by Oliver » Mon May 14, 2007 9:42 am
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As Melanie says this money is likely to constitute a windfall and as such will need to be paid into the IVA if there is a clause to do so in your Daughter's IVA.

Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp
Best Regards
Oliver
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