windfall payments

Get expert opinion. This is the place for new questions to be posted.
5 posts Page 1 of 1
Post Reply
 
 

Teresa

User avatar
Posts: 46
Joined: Fri Mar 13, 2009 5:07 pm
Location:
Post by Teresa » Thu Mar 25, 2010 11:45 am
Quote
What would happen if in my proposal there is nothing stated about windfall payments.
Top
 
 

northumbrian69

User avatar
Posts: 316
Joined: Tue Feb 27, 2007 9:53 am
Location: United Kingdom
Post by northumbrian69 » Thu Mar 25, 2010 1:02 pm
Quote
I think it highly unlikely that 'windfalls' would not be included, as far as I am aware it's a standard clause that's inserted in all proposals.
I'm sure the experts will correct me if I'm wrong [:D][:D]
IVA COMPLETED ON THE 17th MARCH, FINAL I&E COMPLETED 26th APRIL, COMPLETION CERTIFICATE ARRIVED 2nd AUGUST
Top
 
 

Teresa

User avatar
Posts: 46
Joined: Fri Mar 13, 2009 5:07 pm
Location:
Post by Teresa » Thu Mar 25, 2010 1:12 pm
Quote
my ip said oh it looks like someone hasnt printed the proposal properly and you dont have one.
Top
 
 

Michael Peoples

User avatar
Industry Expert
Posts: 15189
Joined: Mon Nov 03, 2008 12:36 pm
Location:
Post by Michael Peoples » Thu Mar 25, 2010 1:13 pm
Quote
If there is nothing expressly mentioned in the proposal it is almost certainly covered by the standard terms and conditions whether protocol or R3. I very much doubt if you would be exempt from the windfall provision.
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
Top
 
 

Teresa

User avatar
Posts: 46
Joined: Fri Mar 13, 2009 5:07 pm
Location:
Post by Teresa » Thu Mar 25, 2010 1:21 pm
Quote
ok thanks was just wondering. we have always paid over whatever they ask for but she said this the other day and i just thought i would ask.
Top
Post Reply
5 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”