RTA compensation

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popcorn

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Post by popcorn » Mon May 19, 2008 5:19 pm
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Hi

There is a possibility that I might be getting around £2000 in compensation for a whiplash injury that I sustained in a car crash that wasn't my fault. I didn't have any loss of earnings so I am wondering if I need to pay half of this into my IVA. Does it count as a windfall or bonus or extra income?

Thanks
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cfnc

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Post by cfnc » Mon May 19, 2008 5:57 pm
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I would say it would be classed as a windfall, but best to check with your IP.

Kirsty
Kirsty
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aguise

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Post by aguise » Mon May 19, 2008 6:34 pm
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Hi there.Wait for Melanie or Ian, but I think too it is classed as a windfall/ extra income or in that category rather than bonus .

Ang
Please visit my blog at http://aguise.blogs.iva.co.uk/
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s.b.w

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Post by s.b.w » Mon May 19, 2008 6:37 pm
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It's usually classed as a windfall, although it probably doesn't feel like it!

Your IP will decide.

IP's vary in what they call a windfall and what they don't... so ask your IP.

Good luck and I hope the injury is all healed up now!

Sharon
Arghhhhh!!!!!!!!!
If only I'd said NO!

Go to my blog at:

http://shazzy.blogs.iva.co.uk/
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MelanieGiles

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Post by MelanieGiles » Mon May 19, 2008 8:41 pm
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If it is a personal injury claim, as these are exempt from bankruptcy proceedings your IP may not take any of it from you - but it does depend upon how the proposal is worded so best to check with your IP directly.
Regards, Melanie Giles, Insolvency Practitioner
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popcorn

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Post by popcorn » Tue May 20, 2008 4:09 pm
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Thanks very much guys. I appreciate it x
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facingittogether

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Post by facingittogether » Tue May 20, 2008 5:34 pm
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hey popcorn

how good is that if you can keep it?

i take it the drinks are on you - lol!

only joking - you obviously deserve it after the trauma you have been through!

love barb x
12 down - 60 to go! woo hoo!
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