www.iva.co.uk

Now we have our completion certs is subsequent inheritance still vulnerable, eg death occurred before end of arrangement but payout after end of iva? I know the windfall clauses include the acquired assets rule but is there a unwritten code where IP's tend not to pursue after full and final settlement?

I would imagine it depends on the amount of the inheritance. If it's a small amount, it wouldn't be worth chasing. If it was a substantial amount there would be a chunk of payment for them. Legally I think they would be obliged to follow it up. I haven't heard of any unwritten code. Did you inform them of the potential inheritance?

Did not inform them of a potential inheritance because it is speculative until we hear anything. Have seen some posts saying some IP's do not follow up on windfall clauses once certificate issued. No idea how widespread that is, or even how true. TBH I know the worst scenario, feed me some crumbs.