I have been sent a Refund for a mis-sold PPI.

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Netty

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Post by Netty » Tue Dec 09, 2014 12:58 am
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I have been sent a Refund for a mis-sold ppi from Barclays bank. This loan was paid in full in 2006 and was not part/included in with debts in my IVA which has been put in place in August 2014 ..the cheque is made out to the trustees of and then my name, do l have to send the cheque to the company that manage my IVA
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luluj

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Post by luluj » Tue Dec 09, 2014 5:49 am
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Yes you would need to as it will be classed as a windfall and paid to creditors to increase your dividend to them
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Foggy

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Post by Foggy » Tue Dec 09, 2014 7:44 am
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Hi Netty -- yes, in this case the Trustee is your IP. In most cases the IP will retain this for distribution to creditors.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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