Is my critical illness claim from 6 years ago classed as a windfall ?

Get expert opinion. This is the place for new questions to be posted.
4 posts Page 1 of 1
Post Reply
 
 

Helendc81

User avatar
Posts: 1
Joined: Tue Sep 01, 2015 10:44 am
Post by Helendc81 » Tue Sep 01, 2015 11:04 pm
Quote
I'm 2 months into my iva but just had confirmation that my critical illness claim from 6 years ago is due to be paid, where do I stand with paying the iva? Is this classed as a windfall and do I need to pay in full?
Top
 
 

lifenoteasy

User avatar
Posts: 3248
Joined: Thu Feb 05, 2015 2:26 pm
Location: United Kingdom
Post by lifenoteasy » Wed Sep 02, 2015 7:51 am
Quote
It will depend on the approach of your iva company but it could be classed as a windfall.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
Top
 
 

Foggy

User avatar
Posts: 33396
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom
Post by Foggy » Wed Sep 02, 2015 9:17 am
Quote
As said, I am afraid you are in the hands of your IP on this one.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Top
 
 

Michael Peoples

User avatar
Industry Expert
Posts: 15189
Joined: Mon Nov 03, 2008 12:36 pm
Location:
Post by Michael Peoples » Wed Sep 02, 2015 11:17 am
Quote
If this was disclosed to your IP at the time the IVA was drafted it may have been excluded. Was this claim addressed within the IVA?
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
Top
Post Reply
4 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”