Compensation for pain

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Tashap

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Joined: Sun Jul 22, 2018 12:45 pm

Post by Tashap » Sun Jul 22, 2018 1:09 pm
Hi I’m halfway through my IVA and was recently in a road traffic accidents, I’m due to receive compensation for pain and suffering as I’ve been under physio for over 4 months now.
I’ve been told by a friend that I might have to declare this to my IVA.
Could you please advise me as I thought the money is for my ongoing injury and could pay for more treatments etc.

Foggy

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Post by Foggy » Sun Jul 22, 2018 1:22 pm
Tashap wrote:
Hi I’m halfway through my IVA and was recently in a road traffic accidents, I’m due to receive compensation for pain and suffering as I’ve been under physio for over 4 months now.
I’ve been told by a friend that I might have to declare this to my IVA.
Could you please advise me as I thought the money is for my ongoing injury and could pay for more treatments etc.
It should be declared but most (not all) IP's follow the bankruptcy procedures on this in that compensation specifically awarded for pain and suffering is usually allowed to be retained. Only your own IP can say which way they will jump.

If you do not declare it there is always the possibility that your IP will be none the wiser ... but ... there is also the possibility that he will find out about it, which could put the whole IVA in jeopardy, not to mention the stress of constantly worrying that it will be discovered.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk
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