could settled IVA put a close to insurance claim

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slow but sure

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Post by slow but sure » Fri Mar 07, 2008 10:52 am
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Hi hope you can help. We have been out of our IVA for 6 months and this shows on our credit report, however I am concerned as we have had an accident at home and claimed on our House Insurance, they asked if we were bankrupt and I said no, - as the IVA is not bankrupt, They have now done a credit search on us, have I done the wrong thing and could my settled IVA put a close to my insurance claim - Thanks
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rayb

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Post by rayb » Fri Mar 07, 2008 11:02 am
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In a nutshell no. An IVA is not the same as bankruptcy although you are insolvent
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ianmillington

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Post by ianmillington » Fri Mar 07, 2008 11:12 am
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I think the reason they are asking is to ascertain whether they would have to pay a bankruptcy Trustee, rather than you, or whether they need to get permission from a Trustee to pay you.

Ian
Ian Millington
Insolvency Director
PDHL Ltd (formerly Personal Debt Helpline Ltd)
www.pdhl.co.uk
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