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| pmets |
Posted - 17 October 2009 : 22:41:52
Hi
My sister has just died and was discharged from Bankruptcy two weeks before her death. While going through her paperwork, we have found that she was due to pay an IPA of £345 per month until December 2011. Will I have to arrange to pay the whole amount owing out of her estate or not?
Many Thanks,Philippa |
| 5 L A T E S T R E P L I E S (Newest First) |
| pmets |
Posted - 18 October 2009 : 20:52:03
Hi
Thanks for your prompt replies,I will contact the OR tomorrow.Just to let you know, my sister was a member of this forum.Her user name was Nicola.J,and I know that she received a lot of help and guidance from all of you kind people. It's just sad that it has ended like this when she was looking forward to the future.
Thanks again,Philippa |
| Reviva UK |
Posted - 18 October 2009 : 19:38:02
Hi
Sorry to hear about your news.
The IPA will not need to be paid out of the estate. It is an agreement to pay from future income so you need to inform the OR and they will close the case.
However as debt info says if she owned a house or other assets, and if they were not dealt with during the br then they belong to the OR
Paul Johns
Bankruptcy Specialists
Reviva UK
www.revivauk.com
Real People ..... Real Debt Solutions |
| debtinfo |
Posted - 18 October 2009 : 11:15:57
When she went bankrupt all of her assets apart from household goods and Approved pensions will have transfered to the OR. They will remain with the OR unless they are transfred back, for example when a car is made exempt. So for instance if there was a property with equity that had not had the Beneficial interest bought back this will remain with the OR, the same would apply for a life policy. If however the bankrupt had bought back the life policy for the nominal sum of £50 that sometimes happens then because the death was after discharge then the payout would go to the family. |
| Skippy |
Posted - 18 October 2009 : 10:43:14
I'm so sorry to hear about your sister.
I agree with gettingoutofdebt that an IPA is based on income so I wouldn't think you'd have to make any payments.
My personal opinion is that as your sister was discharged then nothing will have to be paid out of her estate, but I really couldn't say for certain.
Hopefully one of the professional experts will pick up on this and answer.
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.
View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/
27 IPA payments made, 9 to go - in single figures! |
| gettingoutofdebt |
Posted - 18 October 2009 : 10:21:12
Sorry to hear about your sister.
I am not 100% sure about this but the IPA is based on the income of the person who has been declared BR so if there is no income then there shouldn't be any payments.
I am not too sure whether any money would need to be paid to the OR out of the estate but you should contact the OR/RTLU to let them know your sister is deceased. |
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