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Posted: Fri Jan 24, 2014 7:37 pm
by Sarahdsk59
Hi i have an iva. I was in a car accident in october and may claim compensation. Would all of this have to be paid into the iva. If this does will this shorten my iva years.
Posted: Fri Jan 24, 2014 7:47 pm
by Adam Davies
Hi and welcome
It will depend on your Insolvency Practitioner, if they feel that any award is for pain and suffering then you may be able to keep it. if it is paid into your IVA it will not reduce the term unless you have paid all of your original debt plus any IP fees
Regards
Posted: Sat Jan 25, 2014 8:38 am
by Sarahdsk59
Thank you for the reply I'm with freeman jones
Posted: Sat Jan 25, 2014 9:57 am
by Radish
I hope you get to keep it all. Its for pain and suffering at the end of the day and it seems unfair to have to hand these sort of funds over.
Posted: Sat Jan 25, 2014 10:08 am
by Sarahdsk59
Hopefully that would be a bonus. I should be twinge free by may. Hopefully no more physio. I need to get my training back on form
Posted: Sun Jan 26, 2014 12:11 am
by Robbieboy
I am with Freeman Jones and my proposal says it is mine for future physio etc, accident happened before IVA and still not settled but I live in hope!
Posted: Mon Jan 27, 2014 9:48 am
by Sarah Jolly
Hi Sarahdsk59
I'm sorry to hear about your accident.
Andy has already mentioned if you receive compensation for pain and suffering this usually won't need to to be introduced into your IVA.
We would however need to confirm this after checking your proposal, please do let me know if we can help by getting in touch. My email address is
Sarah.Jolly@freemanjones.co.uk.
Thank you
Sarah