IVA and Claiming Back Bank Charges...

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snowman365

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Post by snowman365 » Wed May 28, 2008 10:02 pm
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Dear Forum

Just wandering if anyone know anything about the following...

I am currently considering entering into an IVA and also considering trying to reclaim back the bank charges which HSBC have taken from me over the last 6 years - if I were to be successful in getting the charges back from the bank, how would this affect the IVA? Would HSBC just knock that amount off the amount I owe them?
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Adam Davies

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Post by Adam Davies » Wed May 28, 2008 10:18 pm
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Hi
If you are already in an IVA when your claim is paid then the whole amount will go into your IVA.
It is also possible that HSBC will just reduce their claim by the amount of your refund
Regards
Andam Davies
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snowman365

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Post by snowman365 » Wed May 28, 2008 10:33 pm
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Ok thanks for the reply - I thought that might be the case!!!

If I do go ahead with the IVA, should I let the IP know about this?
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jpj

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Post by jpj » Wed May 28, 2008 10:36 pm
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I put my claim in a year ago..from what ive read the banks could draw the current court case out for years..so i wouldnt worry too much!
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snowman365

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Post by snowman365 » Wed May 28, 2008 10:42 pm
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Right - cheers for the reply!

Ha - if that's the case and I do enter into the IVA maybe I will be out of it by the time they get round to paying people back!!!
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rollercoaster

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Post by rollercoaster » Fri May 30, 2008 7:14 pm
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my thoughts exactly. but, fees on our joint account for 6 years huge. My OH in IVA, i am not (in a DMP). If claimed charges back successfully, is it 50/50 so i could pay mine directly to frozen bank account and keep the change (to pay others) ??? whilst OH goes into IVA
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animaleyes76

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Post by animaleyes76 » Fri May 30, 2008 10:44 pm
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I had a similar thing but they paid me directly as the left hand barely talks to the right. Fingers x'd happens for you too.
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