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Posted: Fri Oct 24, 2008 1:52 pm
by arvey_lad
I'm in an IVA and a friend of mine says he can claim back all the PPI and charges on my credit card accounts. This amounts to a substancial amount of money, if he reclaims this money will it be treated as a "win fall" payment with half going into the IVA and half to me?
Many Thanks
Rob
Posted: Fri Oct 24, 2008 3:03 pm
by emma_t
Hi Rob and welcome to the forum
I would imagine that it would be classed as a wind fall and have to be paid into your iva for the benefit of your creditors, but I am not 100% sure.
Hang around and one of the expert IP's will confirm this or not,
Emma
Posted: Fri Oct 24, 2008 3:20 pm
by MelanieGiles
If it is a windfall, you will be obliged to pay all of it over, unless your proposal specifically says otherwise.