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by brokemumof3
Tue Apr 03, 2012 11:55 am
Forum: Ask IVA Forum and Industry experts
Topic: Inheritance of property
Replies: 6
Views: 1903

Thanks for your comments My husband and I have our own retail shop and are struggling to pay ourselves so I feel that the IVA might have been able to be settled as the total from the sale would approximate to the amount we'll pay over 5 years. But it should've been my descision to make not taken awa...
by brokemumof3
Tue Apr 03, 2012 11:21 am
Forum: Ask IVA Forum and Industry experts
Topic: Inheritance of property
Replies: 6
Views: 1903

Hi, I have posted before about my Grandmother's house which I should inherit part of. In 2000 my father and his sister (my aunt) had a trust agreement drawn up about their mother's house (my grandmother) this stated something like each had a 50% share which on her death could be sold for them to inh...
by brokemumof3
Thu Jan 05, 2012 12:40 pm
Forum: Ask IVA Forum and Industry experts
Topic: Inherited 25% of property - what to do?
Replies: 12
Views: 2223

Well I spoke to GT and they seemed to think if the house was sold that they could go to the creditors with a F&F offer. However they are could still just take the money and still keep us in an IVA for the full term and obviously get more pence per pound owed than they would if I hadn't had the money...
by brokemumof3
Wed Jan 04, 2012 4:48 pm
Forum: Ask IVA Forum and Industry experts
Topic: Inherited 25% of property - what to do?
Replies: 12
Views: 2223

We're with Grant Thornton. I didn't know about it until a council tax bill with my late father's name on was sent to my mum's house with my grandmother's address on. After a bit of digging I've confirmed the property has been held in trust until my grandmother's death. It's technically still in my f...
by brokemumof3
Wed Jan 04, 2012 12:56 pm
Forum: Ask IVA Forum and Industry experts
Topic: Inherited 25% of property - what to do?
Replies: 12
Views: 2223

Thanks for both replies, I think I'll talk to them in the morning when I'm not at work and find out a plan of action, then all I need to do is speak to my Aunt and sister...
by brokemumof3
Wed Jan 04, 2012 12:28 pm
Forum: Ask IVA Forum and Industry experts
Topic: Inherited 25% of property - what to do?
Replies: 12
Views: 2223

It might be a bit hard to realise the value of this property if my Aunt and sister don't want to sell. I don't imagine anyone would want to buy a 25% share in a property.
by brokemumof3
Wed Jan 04, 2012 11:55 am
Forum: Ask IVA Forum and Industry experts
Topic: Inherited 25% of property - what to do?
Replies: 12
Views: 2223

I have just discovered that I am a 25% owner of my Grandmothers house. I have been in an IVA for 14 months and she died 18 months ago. My Aunt I presumed inherited everything from my grandmother but actually only inherited 50% of the house my late fathers share being split between me and my sister. ...
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