If you have a accident whether a car or workplace,if you receive compensation do you have to declare it as a windfall.I'd like to add I have not had an accident or received compensation I was curious.
Today 1st of December 2016 the vultures finally flew away
It does have to be declared, however, many (if not most) IP's will treat compensation for pain and suffering in the same way as it is usually dealt with under bankruptcy and allow you to keep it. Some, however, don't.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
If it does happen (hopefully not in your IVA) then it is yours to keep.
Otherwise agree with Foggy.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
