Death during IVA.

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baldy

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Post by baldy » Mon Sep 27, 2010 9:53 pm
We are reading through our proposal and was wondering what would happen if either partner died during your IVA?
Our IVA will be interlocking.Does the other still keep on paying the remainder of the IVA?
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kallis3

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Post by kallis3 » Mon Sep 27, 2010 9:56 pm
If you die then your partner would still go on paying their IVA.

Yours would be dealt with out of your estate.
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MelanieGiles

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Post by MelanieGiles » Mon Sep 27, 2010 11:08 pm
It would really depend upon the circumstances of the surviving partner as to whether their IVA could continue in its own right. If your IP is using the IVA protocol format - there should be a section dealing with this issue within the body of the proposal.
Regards, Melanie Giles, Insolvency Practitioner
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