www.iva.co.uk

hi I have an I a which lasts for another 38 months. my father has left me in inheritance 50% of the house in a will which will have to be sold. my question is will the executor of the will know I have an iva.

The executor should check the Insolvency Register before distrubuting funds as, I am afraid, they will be due to be paid to your IP.

As foggy suggests the money from your 50% will go towards your creditors reaching 100% of their original debt plus IP fees and possible statutory interest. Any money left after this will be yours to keep.

does the solicitor have to keep it private and only contact myself and not the executor who is a family member.

I was in this situation .... the solicitor wrote out to all beneficiaries asking if any were bankrupt or in a insolvency plan - I wrote back asking him to refrain from informing others about my iva and he did; although my mum was the other executor who did know about our iva.

I imagine the executors themselves will need to know. Is the solicitor an executor ?