My husband is about to receive a compensation claim for a personal injury and we have an IVA.
How do we stand with this. The claim is for 8000 pounds ,we have not claimed loss of earnings as his company still paid his wages at the time,
If it's for pain and suffering I believe you can keep it but check with your IP.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Most, but not all, IPs follow the protocol used in bankruptcy in that compensation for pain and suffering is allowed to be kept --- and the party making the payment should describe it as such.
As Kallis suggests, a chat with your own IP would be beneficial, to avoid any nasty surprises. Try to get their response in writing.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
