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by Timothy.w
Fri Jul 17, 2015 1:16 pm
Forum: Ask IVA Forum and Industry experts
Topic: My IVA will be kept open indefinitely until my mother's house is sold after her death in 2014.
Replies: 10
Views: 2418

Thanks Michael, it's Mccambridgeduffy that's administering my IVA so can I put this to them? They haven't been in touch with my younger sister who is the executor and there is no solicitor involved, in fact I haven't spoken directly to my IP for about 2 years. Furthermore what happens if my sisters ...
by Timothy.w
Fri Jul 17, 2015 6:54 am
Forum: Ask IVA Forum and Industry experts
Topic: My IVA will be kept open indefinitely until my mother's house is sold after her death in 2014.
Replies: 10
Views: 2418

I am due an inheritance due do my mother dying in December 2014 and her house going up for sale. My IVA was started in August 2008 and extended several times and was paid up in April with extra dividend due to a PPI windfall but has been extended until November to see what inheritance I get. However...
by Timothy.w
Wed Feb 25, 2015 12:29 pm
Forum: Ask IVA Forum and Industry experts
Topic: Would it be a windfall if I received money for a car restored and sold without my consent ?
Replies: 16
Views: 3427

Thanks for the help everyone but it's thicko time from me! My original debt as £62,050 the IVA was for £27,456 and so far I've paid I've paid a total of £22,394. Now I don't know how much of an inheritance I'll get (or when) but lets assume its around the £50,000 mark. My IVA firm has said the funds...
by Timothy.w
Mon Feb 23, 2015 7:23 pm
Forum: Ask IVA Forum and Industry experts
Topic: Would it be a windfall if I received money for a car restored and sold without my consent ?
Replies: 16
Views: 3427

Thank you very much, so should I ask for payments to be suspended and some of the inheritance to to used for full and final payment as well as windfall as the amount to complete my iva is around £4500.
by Timothy.w
Mon Feb 23, 2015 3:52 pm
Forum: Ask IVA Forum and Industry experts
Topic: Would it be a windfall if I received money for a car restored and sold without my consent ?
Replies: 16
Views: 3427

The IP is aware of my inheritance plus they have had nearly £4000 of ppi refund as well so we'll see what happens
by Timothy.w
Mon Feb 23, 2015 1:29 pm
Forum: Ask IVA Forum and Industry experts
Topic: Would it be a windfall if I received money for a car restored and sold without my consent ?
Replies: 16
Views: 3427

Right here's some news - I've got a meeting of the creditors on Thursday as my IVA breach level is £1776 and I've got arrears of £2822, plus I've already got another 5 overdue payments added onto the end of my iva so it will have run for 7 years and 2 months. If anyone has been in this situation bef...
by Timothy.w
Wed Feb 18, 2015 5:25 am
Forum: Ask IVA Forum and Industry experts
Topic: Would it be a windfall if I received money for a car restored and sold without my consent ?
Replies: 16
Views: 3427

Ok but would that mean it would count towards my iva amount due - I've less than £5000 left to pay so if I get the money it could clear my iva - or on top of the amount in the same way that my ppi refund was used to top up the amount the creditors would get?
Tim
by Timothy.w
Wed Feb 18, 2015 12:48 am
Forum: Ask IVA Forum and Industry experts
Topic: Would it be a windfall if I received money for a car restored and sold without my consent ?
Replies: 16
Views: 3427

Actually It might come back to me as a pile of bits again as I haven't seen what state it's in yet.
by Timothy.w
Wed Feb 18, 2015 12:15 am
Forum: Ask IVA Forum and Industry experts
Topic: Would it be a windfall if I received money for a car restored and sold without my consent ?
Replies: 16
Views: 3427

My car went into a garage for restoration before my iva started and it wasn't listed as I wasn't sure if I'd ever get it back as it was a pile of bits. Now in the meantime it was sold by the garage without my consent so it'll be either coming back to me in one piece or the new owners will have to pa...
by Timothy.w
Fri Dec 12, 2014 10:06 am
Forum: Ask IVA Forum and Industry experts
Topic: Does the part inheritance of a house count as an asset towards an IVA ?
Replies: 9
Views: 1634

I will when I find out if I'm due anything
by Timothy.w
Thu Dec 11, 2014 10:45 pm
Forum: Ask IVA Forum and Industry experts
Topic: DFD dragging their feet
Replies: 13
Views: 4227

I've got a question on this - once final payment is made can creditors still grab any windfalls that turn up between final payment and certificate of completion?
by Timothy.w
Thu Dec 11, 2014 10:18 pm
Forum: Ask IVA Forum and Industry experts
Topic: Does the part inheritance of a house count as an asset towards an IVA ?
Replies: 9
Views: 1634

Cheers, but how can they force a sale if I only get 1/3 of the house?
by Timothy.w
Thu Dec 11, 2014 9:51 pm
Forum: Ask IVA Forum and Industry experts
Topic: Does the part inheritance of a house count as an asset towards an IVA ?
Replies: 9
Views: 1634

Okay. The problem is that my IVA finishes June 2015 but my sisters are undecided if they want to sell the house or one of them might live in it until it's worth more in 18 to 24 months time. How does that affect my situation? One of my sisters is the executor of the will so the decisions are mainly ...
by Timothy.w
Thu Dec 11, 2014 8:51 pm
Forum: Ask IVA Forum and Industry experts
Topic: Does the part inheritance of a house count as an asset towards an IVA ?
Replies: 9
Views: 1634

Evening; if your due an inheritance of a house which will be split 3 ways between yourself and 2 other family members accoring to the will does this count as an asset towards an iva or will it be used to reduce the iva payments?
by Timothy.w
Mon Dec 08, 2014 8:39 pm
Forum: Ask IVA Forum and Industry experts
Topic: Is it correct that PPI money is classed as a windfall ?
Replies: 6
Views: 2401

Thanks. It would have been nice to know that before I took time off work to fill out the paperwork for eif.
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