My wife and I were in an IVA which ended last September, but we have not had our certificates yet as the company is challenging one of our creditors over PPI refund. Will this mean that any PPI we find we can claim now would also be subject to a claim from our IVA company?
Sharing from experiences of dealing with debt
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If the current court case regarding ppi and when the trust of the arrangement effectively ends goes in favour the debtors case then you will see some companies withholding completion certificates until all ppi has been investigated and realised or you sign over the ongoing interest in all ppi refunds via a deed of assignment. I did the latter.
The Insolvency Service has stated that by itself PPI is not enough of a reason to delay issuing a CC.
Also, the answer is as Stringyacid says - sign a DoA.
I'm beginning to think that companies are deliberately delaying certificates because while they are delayed customers are still bound by some of the other terms such as windfall etc.
In a (apparently) regulated environment delays like this should work against companies.
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.
They should be able to issue an assignment document to enable the case to be closed. In any event if they are awaiting the outcome of the Wright v Greene outcome I believe its being heard this week.
