IVA after death

Iwannabreakfree

I am in an IVA solely and not jointly with anyone else. All included debts were mine. What happens to the balance of an IVA if I die before it is completed. I have read on here that in these circumstances the debts are written off. Is this true?

MessyMoney

I don't know anything about IVA terms and conditions but I didn't want to read and run.
Your post probably wasn't intended to come accross this way but I got a feeling that you're mentally struggling with this debt.
No amount of debt is unfixable, and no amount of debt it worth harming yourself over.
I hope the great posters on this board can help you, stay safe x
PS if I've read too much into this, I appologise and hope I haven't caused offence.

Tixy

Hi and welcome to the forum

The IVA would be terminated on your death and the creditors would usually then have a claim against your estate (if you have an estate).

I think some IVAs include an insurance that means that in the event of your death the IVA would cease and the creditors have no further claim on your estate.

Perhaps worth checking your IVA documentation to see what it says or calling your IP.

National_Debtline

Hi there,

Tixy's advice is, as ever, spot on. If you would like a little further information on particualr debts we've a useful fact sheet which you can find by clicking here.

Very best wishes,

David @ National Debtline

Iwannabreakfree

Not struggling with IVA payments. They are currently affordable and are of no great concern. I confidently expect to complete the IVA within the timescale (28 months to go) provided I live that long! The question has been prompted by a diagnosis of cancer for which I am receiving treatment which appears to be going well after successful surgery last year.