Yes we are in an iva at present. The situation is we were shunted from behind earlier this week. Myself, wife & son have been left with injuries. They are only minor, thankfully. However, our insurance company have instructed solicitors to work on our behalf for a compensation payout if deemed neccesary. This seems a lot of hassle to go through if I had to pay it over to the creditors. Thanks Mark.
It is likely that any claim would be for pain and suffering which is not a windfall. However, you could offer what you receive as full and final settlement of your IVAs which may make the hassle worthwhile.