i wonder if someone can help me. my friend is coming to the end of her first years payments & has just received her letter regarding her annual review.
she has to complete her income & expenditure form how
ever on the bottom of this it asks her to confirm shes not received any windfalls - what is this for?
is it so that it can be disclosed to creditors that she hasnt or do the iva company check anywhere like the probate service to ensure they havent?
but if its a will payment will the IP check the probate register to see also if any will.monies have been received at any point? is this done at each annual review or when?
I would have thought it should have been declared when it was received, in your friends proposal does it not give a timescale for when extra needs to be paid across, mine is within 14 days of receiving it, whether it is overtime or a win on the lottery. I do not think a probate register is checked although I have a vague memory of reading on here something about this, I believe solicitors when paying out if they know the person is in an IVA can / do inform the IP, as I said this is only a vague memory so I might be wrong.
Last edited by Pandy on Mon Oct 08, 2012 1:35 pm, edited 1 time in total.
If life is what you make it, I must have been in a strange mood when I made mine
It is unlikely that the IP will check the probate register as a generality, but most of us expect our clients to be honest in their declarations. The register would be checked if there were any suspicion of dishonesty, but the IP would need to use the name of the deceased as a point of reference rather than the beneficiary, in which case it may be difficult to pinpoint monies correctly due to the IVA estate.
