I'm in an IVA with McCambridge Duffy. If I have a large PPI claim could I end early ?

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stobatron

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Post by stobatron » Thu Jun 19, 2014 5:15 am
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I'm in an iva with McCambridge Duffy. If I have a PPI claim am I entitled to any of the money, or if it is large enough could I end my iva early?
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Adam Davies

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Post by Adam Davies » Thu Jun 19, 2014 9:09 am
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Hi

It will go into your IVA, if there is enough to cover your original debt plus IP fees [less payments made] your IVA could end early

Regards
Andam Davies
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Michael Peoples

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Post by Michael Peoples » Thu Jun 19, 2014 11:19 am
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As Andy says the PPI will improve the return to creditors whether it is paid into the 'pot' or the creditor claims set off and reduces their balance.

I have also answered your direct email and hopefully everything is clearer now.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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