can i still claim back Payment Protection

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rudolph.ae

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Post by rudolph.ae » Thu Feb 18, 2010 12:27 pm
I already hyave an IVA can i still claim back Payment Protection on loans
 
 

Julie

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Post by Julie » Thu Feb 18, 2010 12:30 pm
Hi Rudolph,

Welcome to the forum.

There would be nothing stopping you from claiming, however depending on the amount this may have to be paid into your IVA.

I deleted your other post as it was a duplicate of this one [;)]
 
 

rayb

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Post by rayb » Thu Feb 18, 2010 12:32 pm
Hi,

As Julie says whatever you claim back will just be used to offset what you owe the Creditor
 
 

Julie

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Post by Julie » Thu Feb 18, 2010 7:29 pm
It would depend on the amount and the terms of your IVA.
 
 

MelanieGiles

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Post by MelanieGiles » Thu Feb 18, 2010 7:37 pm
Yes - and I know of a very good firm of solicitors I would be happy to recommend if you needed assistance with this. Any returns from creditors would need to be paid into the IVA for the benefit of creditors however.
Regards, Melanie Giles, Insolvency Practitioner
 
 

Julie

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Post by Julie » Thu Feb 18, 2010 7:40 pm
Melanie, if the amount was less than £500 would rudolph keep the funds?

I'm thinking on the lines of the common windfall clause seen in IVA's.
 
 

MelanieGiles

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Post by MelanieGiles » Thu Feb 18, 2010 7:44 pm
If this was written into the IVA agreement, then yes this would be possible.
Regards, Melanie Giles, Insolvency Practitioner
 
 

Julie

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Post by Julie » Thu Feb 18, 2010 7:46 pm
Thanks Mel xx
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