So im thinking of selling my car and getting a different one. The money will be a bank transfer, will this be classed as a windfall? Will i be able to buy a new car? Will i have to tell them if my insurance increases/decreases
The car is probably an excluded asset and I doubt there would be a problem if you are getting like for like. The change in insurance, if significant will need to be disclosed. I would suggest a quick chat with your IP before you do anything so that they are aware and there are no nasty surprises later on.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
