I agree completely Foggy! Just one question - if they did 'reopen' a case, would you then need another closure certificate because that could really mess up things like clearing up your credit file etc.
Last edited by kittyface on Sun Feb 24, 2013 7:03 pm, edited 1 time in total.
No. I don't think another certificate would be needed ... the old IVA isn't made live again as such, and no new entry on CR files or that darned Register, the IP merely acts as trustee for the PPI refunds.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
The combined regulatory bodies have made it very clear that IPs need to tread with caution if they are going to try and claim assets for the IVA to which they are not entitled. I gather that GT have taken their own legal advice on their position, and are confident that they are acting within both contractual and statutory law, in dealing with their own particular case portfolio.
looking at our proposal again it states
I will inform the supervisor in writing of any after acquired asset or windfall received during the term of my arrangement. For the avoidance of doubt statutory interst will not be payable.
|So does this mean that the stst interest on any assets is not payable into my arrangement?
just spoke with gt, if you can pay back 100% of debt then stat interest is payable aswell , if not it can be retained
If you have a ppi claim sent to you in full you have to send all of it to them and they will then refund stat interest
they are raising the question as to what happens to all thee ppi claims that have been already paid over containing stat interest and will get back to me
all GT clients are now receiving letters about this buit us poor tenon clients will have to wait a little longer
But you will also see that it states, that "the non-disclosure (or omission) of such claims could constitute a breach of your IVA leading, ultimately, to" blah, blah, blah. How can you be responsible for omission or non disclosure of a product that your creditors sold to you in the first instance, think they might have a tough job proving that point.e
I also had the phone call and was told I had to sign and return the forms as I have to claim for miss selling of ppi...my answer was ..I was NOT miss sold ppi and them claiming ppi in my name would be fraudulent...the answer from them...ok no problem...please do not be bullied into signing ppi claim forms its plain greed on there half because of the fee they receive.i also have now employed a financial advisor to deal with GT on my behalf and he hasn't (or me) had any response to his letters or emails..so thumbs down to GT... As long as your getting your huge fees, and my stress is now back...!!
well the lady on the phone said stat interest is retained but tenon clients nhave to wait a little longer for their letter and she will confirm the rest in due course so probably another month ha ha
