Mother passed away - Currently has a IVA

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Becksie11

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Post by Becksie11 » Mon Apr 05, 2021 2:05 pm
Hello

I was hoping for some advice - after reading this forum, I've found out some bits - many thanks

My mum has a IVA - I have notified the company involved and received a email asking about life insurance policies etc.

I have no idea of the details of the IVA - I've just searched when It started which was 02/06/2015 - I do not know the full extend of her debts and the amount owed.

She was only 64 - working full time - she had a funeral policy and a private works pension, I'm still waiting to hear back from them with regards to a lump sum etc. she also had no life insurance.

When I finally get an idea of any lump sum from her pension - is it best to just send all the information of balances of her estate and see what they IVA people come back with?

She worked as a shop assistant on low wage - just above the threshold for any UC support - so her pension contributions will be small.

I will be using the remainder left of her funeral policy for a headstone.

I have no idea of IVA's really - I'm assuming the creditors will want to claim back what is owed or is the remainder of the IVA paid off and closed?

Many thanks in advanced

kallis3

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Post by kallis3 » Mon Apr 05, 2021 2:48 pm
I am sorry for your loss

Was your mother a homeowner? If not I imagine her IVA would have finished last year. Can you find a completion letter? Have you checked her details on the Insolvency Register to see if she is still on there?
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk

Foggy

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Post by Foggy » Mon Apr 05, 2021 2:52 pm
I am sorry for your loss.

The IVA must have been close to finishing. Which company was she with ?

My first thought would be to ask that a meeting be called with creditors to see if they would agree to a full and final, based on payments made to date --- basically calling the matter quits.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

Becksie11

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Post by Becksie11 » Mon Apr 05, 2021 3:07 pm
As for the IVA, we will be holding a meeting with creditors to make them away that Linda has sadly passed away and ask them to write off the remaining balances.

Due to the legal nature of the IVA, I do have to ask you if you are aware of any insurances/pensions that are due to be paid? I understand that you will need to cover the cost of the funeral and associated expenses, however we are required to report the situation.

This is what they replied with, it’s the Financial Wellness Group, her closing bank statement shows it was still an active payment.
No property either, she rented through the local council.

Becksie11

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Joined: Mon Apr 05, 2021 1:56 pm

Post by Becksie11 » Mon Apr 05, 2021 3:10 pm
Mon Apr 05, 2021 2:48 pmkallis3 wrote:
I am sorry for your loss

Was your mother a homeowner? If not I imagine her IVA would have finished last year. Can you find a completion letter? Have you checked her details on the Insolvency Register to see if she is still on there?
It states it’s still current

kallis3

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Post by kallis3 » Mon Apr 05, 2021 3:17 pm
Fingers crossed that the creditors agree, they're not going to be missing out on much.

You will have to let them know there was no insurance and only a small pension. Hopefully they won't bother with that.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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