Posted: Fri Nov 28, 2008 12:09 pm
What happens if someone dies and they have an IVA
Hi there and welcome to the forum
This is usually covered within the terms of the IVA, but usually the monies already paid into the IVA are held for the benefit of the IVA creditors, and any shortfalls to creditors then become claims in the insolvent estate to be paid in priority to any distribution to the beneficiaries of the estate.