Wondering how successful PPI claims effect my current IVA ?

Get expert opinion. This is the place for new questions to be posted.
4 posts Page 1 of 1
Post Reply
 
 

Southall

User avatar
Posts: 4
Joined: Mon Jul 27, 2015 10:46 pm
Location:
Post by Southall » Mon Jul 27, 2015 10:46 pm
Quote
Hi there. I'm currently winning some ppi claims from 2001. I started and completed an iva by 2008 as I was 32000 in debt. Unfortunately I am 1 year into another iva and just wondered how my ppi money I am awarded effects my current iva. Many thanks, Rt.
Top
 
 

Shining

User avatar
Posts: 27019
Joined: Thu Sep 20, 2007 8:57 am
Location:
Post by Shining » Tue Jul 28, 2015 8:12 am
Quote
Hi and welcome. I feel that any claimed PPI will be payable for the benefit of your creditors to reduce the debt level owed.

Best to check your IVA paperwork and your IP can give case specific advice.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
Top
 
 

lifenoteasy

User avatar
Posts: 3248
Joined: Thu Feb 05, 2015 2:26 pm
Location: United Kingdom
Post by lifenoteasy » Tue Jul 28, 2015 8:16 am
Quote
Hi

If you had not gone into the second IVA you probably would have been able to keep the PPI.

As it stands your best hope is that if PPI is reclaimed it pushes you closer towards repaying 100p in the £.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
Top
 
 

Foggy

User avatar
Posts: 33396
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom
Post by Foggy » Tue Jul 28, 2015 8:36 am
Quote
The PPI is an asset of the current arrangement and will be paid in to your IVA to increase the dividend.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Top
Post Reply
4 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”