I claimed for a PPI before taking out an IVA. Who is entitled to the payout ?

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Bevdw15

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Post by Bevdw15 » Sun Apr 24, 2016 11:13 am
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I claimed for a PPI before taking out an IVA. Who is entitled to the payout ?
I also was wondering why my IVA has not been paying the creditors for 9 months.
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Foggy

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Location: United Kingdom
Post by Foggy » Sun Apr 24, 2016 12:05 pm
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If you get the payout after starting the IVA it should be paid to the IVA estate.

Usually the first few months payments, as agreed with the creditors, goes towards settling the Nominees fees, then are distributed quarterly or bi-annually thereafter.
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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