Our IVA was due to be extended ....

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veronica264

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Post by veronica264 » Mon Apr 13, 2020 5:50 pm
Our IVA was due to be extended by one year, to end May 2021. My husband has died recently, what will happen to the IVA?

Foggy

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Post by Foggy » Mon Apr 13, 2020 6:00 pm
I am sorry for your loss. You need to speak to your IP. Hopefully he or she can propose a variation to creditors that the IVAs be concluded on payments made to date.

In theory ( you actually have two IVA's, one for each of you, if both yours and your husbands debts were included) your IVA would continue and your husbands would end and his outstanding debts become part of his estate --- but, as I say, the creditors may agree to close the arrangement (s) and still write off the debt.
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

luluj

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Post by luluj » Tue Apr 14, 2020 2:09 am
So sorry to hear of your loss. Agree with foggy in that creditors should be asked to take payments to date to end the iva in these circumstances.

Please look after yourself in these challenging times x
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"
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