IVA finished November 2015. IP won't provide CC until I sign PPI document. Should I sign ?

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Ali68

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Post by Ali68 » Tue Jun 14, 2016 12:25 pm
My IP is trying to get me to sign something to say he has control over any further PPI claims until the outcome of Green vs Wright appeal is clear. He will not issue me with my completion certificate until I do so, even though my IVA completed last November. Should I sign or not??
 
 

kallis3

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Post by kallis3 » Tue Jun 14, 2016 12:37 pm
Hi and welcome,

It won't hurt to sign this as PPI is an asset of the IVA and once you get that letter you can start and move on.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
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http://kallis3.blogs.iva.co.uk
 
 

Foggy

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Post by Foggy » Tue Jun 14, 2016 12:54 pm
It is up to you. In a nutshell, if you sign, you give up rights to future PPI claims regardless of the court case outcome. If you don't sign, you don't get completion until that case has been heard and the PPI will be dealt with accordingly.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
 
 

Radish

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Post by Radish » Tue Jun 14, 2016 1:53 pm
Its worth remembering if you get any windfalls in the meantime - before you get your certificute - you will more than likely have to pay it into your IVA - so I would sign a.s.a.p
IVA complete March 2014 after 6 years.
 
 

Lisa Thomas

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Post by Lisa Thomas » Tue Jun 14, 2016 2:43 pm
Are you sure your IVA completed last year?

If so you do not need to sign anything - you are no longer bound by the IVA.

If instead you finished making your contributions but your IVA is still open then you will need to assign any PPI rights to the IVA to get it closed or await the outcome of the Green V Wright outcome.

Either way you aren't going to be able to retain an interest in the PPI so may as well sign the assignment docs.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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