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nepensioner
Posts: 1967 Joined: Sun Jul 11, 2010 4:55 pm
Location:
Not that I am expecting this in the next 20/30 years but what happens if you die whilst in an IVA??
F & F Accepted 19th Oct 2010
silverlining
Posts: 32 Joined: Mon Nov 02, 2009 11:23 pm
Location:
I don't know for certain, but I imagine the debt dies with you. I'm sure an expert will answer that question.
In the meantime keep taking the vitamins! [:D]
Adam Davies
Posts: 14596 Joined: Thu Mar 29, 2007 12:21 pm
Location:
Hi
Creditors will have a claim on your estate, same as if you were not in an IVA.
If you have no assets then the debt will be written off.
Regards
Andam Davies
nepensioner
Posts: 1967 Joined: Sun Jul 11, 2010 4:55 pm
Location:
Hi,
Thanks for that. I can go out and live my life now, and maybe get back to the parasailing and scuba diving one day!!!!
F & F Accepted 19th Oct 2010
MelanieGiles
Industry Expert
Posts: 47612 Joined: Tue Jan 09, 2007 10:42 am
Location:
Contact
Are you a diver nepensioner? If so, we will be able to swap stories!!
Regards, Melanie Giles, Insolvency Practitioner
nepensioner
Posts: 1967 Joined: Sun Jul 11, 2010 4:55 pm
Location:
Hi,
Love parasailing and snorkelling and would love to learn to scuba dive and also try hangliding!!!
F & F Accepted 19th Oct 2010
Hammie1
Posts: 325 Joined: Wed Jun 16, 2010 8:27 pm
Location: United Kingdom
Hi nepensioner
Interesting question as I also wondered about this. Not that I want it to happen in the next 50 years plus at lease, but you never know.
Sam
F&F accepted 12/8/13 - Awaiting Completion Certificate
Thanks to everyone for your support. Could'nt have done it without you.
nepensioner
Posts: 1967 Joined: Sun Jul 11, 2010 4:55 pm
Location:
Hi Hammie.
I asked the question because I don't want my family to know what I am up to, however when I think about this logically, if it happens I won't be around to disover the answer!!!
F & F Accepted 19th Oct 2010