Can you keep compensation if you are in an IVA?

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beverley815

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Post by beverley815 » Wed Feb 12, 2020 10:10 am
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If you have an IVA can you keep compensation for pain and suffering only and there is no financial claim
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Foggy

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Post by Foggy » Wed Feb 12, 2020 10:19 am
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There is no specific instruction in the IVA conditions relating to compensation for pain and sufferinf, but most IPs follow the bankruptcy guidelines which allow such compensation, specifically ascribed to pain and suffering, to be retained. Only your own IP can say which way he or she will jump.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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