Home Loss Payment

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Homewardbound

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Post by Homewardbound » Thu Jul 22, 2010 6:01 pm
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My flat is being knocked down, and because of this I get a home loss payment to allow me to carpet my new place, and as compensation for having to move.

Do I need to declare this payment?
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Shining

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Post by Shining » Thu Jul 22, 2010 7:16 pm
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Hi there, if you're in an IVA I would defintely let your IP know and explain what it's for etc., and spent on carpets it should be ok. x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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kallis3

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Post by kallis3 » Thu Jul 22, 2010 10:35 pm
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Totally agree with Lesley.

I think you will be ok.
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
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MelanieGiles

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Post by MelanieGiles » Thu Jul 22, 2010 11:00 pm
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Advise them of it, but the money is yours to spend on new carpets.
Regards, Melanie Giles, Insolvency Practitioner
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