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Posted: Mon Aug 20, 2007 12:00 pm
by Shad
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?
Posted: Mon Aug 20, 2007 12:10 pm
by Adam Davies
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
Posted: Mon Aug 20, 2007 12:25 pm
by MelanieGiles
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