Car question

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Neil_

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Post by Neil_ » Wed Jul 16, 2014 11:53 am
Hi,

My wife had an accident in our car a few weeks ago, we had it back once from the repairers and then another fault manifested and there is a possibility it could now be written off. My question is that when/if I get the money from the insurers (should be around 5k) can I spend this on a replacement even though I'm in an IVA? I would need to spend the whole 5k to get something reasonable as it's our only car for work and has to last us 5-6 years!
 
 

Michael Peoples

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Post by Michael Peoples » Wed Jul 16, 2014 1:13 pm
The vehicle was likely excluded from the IVA so you can go and purchase a replacement. However double check with your own IP.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
 
 

Neil_

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Post by Neil_ » Wed Jul 16, 2014 11:22 pm
Thanks Michael I have emailed Melanie.
 
 

MelanieGiles

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Post by MelanieGiles » Wed Jul 16, 2014 11:47 pm
Absolutely you can use the insurance money to replace the car. I have your e-mail and will respond formally tomorrow.
Regards, Melanie Giles, Insolvency Practitioner
 
 

Michael Peoples

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Post by Michael Peoples » Thu Jul 17, 2014 9:17 am
Good job you are with Melanie and not one of the other firms. You may not have been given the correct advice and certainly would not have been able to deal directly with your IP.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
 
 

Adam Davies

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Post by Adam Davies » Thu Jul 17, 2014 9:19 am
Hi

I bet you would not have received such a swift and assured response from other companies

Regards
Andam Davies
 
 

plasticdaft

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Post by plasticdaft » Thu Jul 17, 2014 10:16 am
Prompt response as always.

paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
 
 

MelanieGiles

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Post by MelanieGiles » Fri Jul 18, 2014 1:14 am
Thanks to Mike, Andy and Paul for their support. Client service has always and will continue to be at the very heart of my business.
Regards, Melanie Giles, Insolvency Practitioner
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