Will my father's executor know I have an IVA ?

[katy792]

hi I have an I a which lasts for another 38 months. my father has left me in inheritance 50% of the house in a will which will have to be sold. my question is will the executor of the will know I have an iva.

[Foggy]

The executor should check the Insolvency Register before distrubuting funds as, I am afraid, they will be due to be paid to your IP.

[luluj]

As foggy suggests the money from your 50% will go towards your creditors reaching 100% of their original debt plus IP fees and possible statutory interest. Any money left after this will be yours to keep.

[karen955]

does the solicitor have to keep it private and only contact myself and not the executor who is a family member.

[luluj]

I was in this situation .... the solicitor wrote out to all beneficiaries asking if any were bankrupt or in a insolvency plan - I wrote back asking him to refrain from informing others about my iva and he did; although my mum was the other executor who did know about our iva.

[Foggy]

I imagine the executors themselves will need to know. Is the solicitor an executor ?