Car been stolen claiming on insurance

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Fallenhero

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Post by Fallenhero » Mon Jul 06, 2009 8:54 am
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Hi...in IVA car been taking and insurance will be paying out...will i be able to buy another with this money or will it be classed as a win fall??? and i have to pay it over...
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kallis3

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Post by kallis3 » Mon Jul 06, 2009 9:05 am
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Hi,

I am sure that you will be able to use this money to fund buying a new car. Just check with your IP, but I can't see there being a problem.
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
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Michael Peoples

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Post by Michael Peoples » Mon Jul 06, 2009 9:21 am
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I agree with Jan. Let your IP know and there should not be a problem as you need a vehicle.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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MelanieGiles

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Post by MelanieGiles » Mon Jul 06, 2009 9:02 pm
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You will definately be able to use the money to purchase a replacement vehicle.
Regards, Melanie Giles, Insolvency Practitioner
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