please help with my question

louj_2

Hi everyone,

I have been on here briefly before. I am just about to pay my second payment into my iva.

What i wanted to ask I will be receiving compensation from a car crash very soon am just waiting for an offer. Does it go through the courts, if so would my creditors or iva people know i've had compensation, because although i am going to pay off some of my debts, i do need to buy some stuff for my house eg a cooker as mine is on the blink.

thanks

lou jones

rayday2

If it goes through courts I am pretty sure you have to know about it, most of the time they settle before courts.

Not sure how it impacts on the IVA if it counts as an "income" but if you need stuff for the house and kept receipts I am pretty sure you could prove they were necessary. It is a one off lump sum and not a weekly income.

You could ring the national debt helpline and check with them. Are you with a charity IVA or a company? Only I ask is I would ask a charity for advice not the company that can take extra commission off you.