I am the subject of a "failed" IVA. Further action is unknown. I have been advised that a successful PPI Claim has been made in respect of a Credit Card which was extant at the time of taking out the IVA and,as such, was not included in the IVA.What happens to the money recovered in respect of this PPI Claim ?
You need to check with your own IP as there could be a 'trust' remaining after the IVA which would capture assets. This trust may have been severed when the IVA failed meaning the IP has no claim against the funds.
