will I have to pay this into the iva?

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me3

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Post by me3 » Mon Sep 17, 2007 9:46 am
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during the term of my iva, if i receive an insurance payout for an injury i received during a car accident will i have to declare and pay this into the iva?
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MelanieGiles

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Post by MelanieGiles » Mon Sep 17, 2007 9:48 am
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Hi me3

That will depend upon the terms of your specific IVA. If your IP specifically excluded personal injury claims - on grounds that they would not be available under bankruptcy proceedings, then you can keep the money. Otherwise it will have to be handed over as a windfall I am afraid.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp
Regards, Melanie Giles, Insolvency Practitioner
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