Posted: Sun Feb 18, 2007 8:05 pm
what if i inherit money after an iva has been started
Hi dms and welcome to the forum
If you inherit any money during the period of the IVA, that money has to be declared to your Supervisor and paid over for the benefit of your creditors, to the extent that all creditors and costs get paid in full.
The same rules also apply in bankruptcy.
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