Apprroaching 7th year, keep being told we can't have certificate because of PPI claims.

[relieved33]

We are with cleardebt but are lucky to have had no ppi. That said, we had paperwork in 2012 and only had confirmation in July 2014 that there was, as we said, no ppi. It does appear to be taking a long time to process even a simple case. I can only imagine your frustration. I hope DRSP resolve things for you soon.

[Daviddw71]

We have recently had our completion cert. Entitlement to ppi was identified by our IP almost two years ago yet amazingly still not resolved when iva ended. However we signed over our entitlement to ppi monies so the IP could continue to pursue it after the arrangement ended and we got our certs. Could you propose such an arrangement?

[HLP12]

Was this with cleardebt? When was this? Sounds great if we can

[Daviddw71]

It was this month (Sept) but not with cleardebt. As I said the ppi settlement was not through but we received our certs and the IP will pursue the claims past the finish date and any compensation gained will be paid to the creditors. I have no idea what's taking so long with ppi although it did occur to me that companies one is in debt to might drag their heels. Anyway, and I am no expert just a relieved cert holder, maybe you could approach cleardebt and offer to sign over all entitlement of ppi if they issue your cert?

[relieved33]

We are with Cleardebt. We have had it confirmed that we have no ppi but have signed an agreement that if any does come to light, we will pay it over so such forms do exist. Perhaps the issue is that you do have claims??

[HLP12]

Hi, quick question again regarding the extensions, just found my 5th year report, is advised this...

This is the supervisors fifth report to creditors, although the initial term of the iva has now been completed following the recent decision by uk banks to abandon their court case into the mis-selling of ppi, the funds when repaid, constitute an asset which should be paid into the IVA, in order to investigate the position fully, the supervisor intends to extend the arrangement by a period of up to a year. If all investigations are concluded before the expiration of a further year, the arrangement will be competed sooner....

Then goes on to say the creditors has 28 day for objections.

The last part about extending up to a year? It's 2 months over that year, Can I ask them to competed it as per the report although when I contacted them about ppi they said I have to wait but I didn't mention the report as I didn't realise it had this in there??

Any advice would be great

[TzeKin]

Strong regulations are needed in any industry,we are seeing the fca fit for it's purpose for financial services.

Iva industry lacks the key players and the banks still are the fat cats like 'government backbenchers' with a strong influence on the industry.
They run iva buisiness as far as I am concerned and PPI procurement suited them and at any cost incl. delay in CC issuance.
Nothing will change...PPI creating lots lots of money and creditors are getting a slice.
Who is going to regulate that cosy set up?

I don't blame the Insolvency firms but they got to know who their real customers really are and it aren't anyone here on ivas.
They are the banks IPS not our Ips

[HLP12]

Hi, Yes it's seems this way, I'd like to know if there are any laws as it's gone over the 1 year extension with no new report to tell me it's been extended, when I call they say PPI (computer says no to everything else!!)