is inheritence traceable

3 posts Page 1 of 1
Post Reply
 
 

Shad

User avatar
Posts: 1
Joined: Thu Aug 16, 2007 12:58 pm
Location: United Kingdom
Post by Shad » Mon Aug 20, 2007 12:00 pm
Quote
Please could someone tell me if inheritence is traceable when a will was not written?

With a windfall does the amount come off of your outstanding debt? Or does your debt figure stay the same?
Last edited by Shad on Mon Aug 20, 2007 12:04 pm, edited 1 time in total.
Top
 
 

Adam Davies

User avatar
Posts: 14596
Joined: Thu Mar 29, 2007 12:21 pm
Location:
Post by Adam Davies » Mon Aug 20, 2007 12:10 pm
Quote
Hi
A windfall has to be paid into your IVA and will give your creditors a higher dividend return.The maximum that you can pay into your IVA is the original debts plus IP fees plus statutory interest at 8% per year.
You must disclose a windfall once you are in an insolvency agreement.
Regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp
Andam Davies
Top
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:
Post by MelanieGiles » Mon Aug 20, 2007 12:25 pm
Quote
Yes - these things are traceable via the Probate Office, but your IP would have to know the name of your deceased relative or friend to be able to start.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk
Regards, Melanie Giles, Insolvency Practitioner
Top
Post Reply
3 posts Page 1 of 1
Return to “IVA postbag for august”