I owned the my property with my mother who recently passed away. Now I know that my mother share of the property who come to me, but she also left a letter stating that my sister could have my mothers share.What would be my best solution do i have my mother share and rise having to pay more to my creditors i.e IVA than I can afford or do I let my sister have my mothers share. My sister has agreed to do whatever is best for me.
I think honesty is the best policy here and you should talk directly with your IP as this I'm sure is a windfall and they will need to be notified of this. I don't know how they will deal with this but best speak to them and I'm sure they'll advise accordingly. One of our professionals will be along soon.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
Honesty is absolutely the only way you should deal with this issue, and your own IP is the very best person to advise as to what you need to do in line with your contractual obligations under the IVA.
I am sorry are you saying that legally your mum has left her half of the house to your sister but you are going to swallow the money with your debts?
If thats the case that is awful for your sister to lose out on her inheritance because of your financial situation. I know you say she is happy to do whatever is best for you but if that means she loses a lot of money against your mothers will because of your debts then I think that is really wrong.
I am sorry but I say it how I read it. If thats not the case and I have read this wrong then apologies in advance
