Basically there isn't one !! Most IP's treat personal injury compensation in the same way as it is treated in bankruptcy, in that you are allowed to retain that element for pain and suffering. However, some IP's will insist on taking all of it into the IVA.
The bottom line is that it will depend upon your own IP.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
If your IP agrees that pain and suffering awards can be kept, make sure you get this in writing from your IP and not a caseworker and make sure your solicitor knows this.
Some awards are just a lump sum offer and you need to make sure they ask the other side to list what the offer is broken down into.
I would probably allow you to keep the money, so long as you were not in arrears with any aspect of your IVA, in which case I would expect that to be brought up to date.
Thank you Melanie. I am actually with your company do shall contact my caseworker as the claim has only just been raised si no details of amount. We are completely up yo date and have actually paid in more than our agreement.
Ha thank you. Upfront and honest is the only way in my opinion, it takes the stress out of everything. Will email you tomorrow as on my phone at the moment. Could you please clarify your email address.
Apologies - I have been in my Belfast office all week with limited access to files. I will do my best to look at this for you tomorrow, but of course it is Easter break and the office is closed.
