Can I use back dated PPI to offer a Full and Final offer ?

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sitez

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Post by sitez » Wed Oct 22, 2014 11:35 am
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I have been awarded PPI and this has been backdated, am I able to offer a full and final offer to the iva using the pip money.
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Adam Davies

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Post by Adam Davies » Wed Oct 22, 2014 2:36 pm
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Hi and welcome

Probably not as it will be seen as an asset of your IVA and payable into your IVA


If the amount is enough to clear your original debts and any IP fees then your IVA may conclude early

Regards
Andam Davies
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