www.iva.co.uk

we have completed our iva. we were made to sign forms saying that any ppi we received would be sent to the company investigating the ppi who are connected to the company that dealt with our iva and after they had taken their 40%, the rest would be sent to the iva company. Can we be legally made to do this, we have our completion certificates

Hi and welcome

Good question and my thought is no you can't be made to sign any forms. You have your completion certificates so your IP can't threaten to not complete your IVA if you do not sign.
However you will not be able to keep any funds from a successful PPI claim as these were assets of your original IVA so you may as well comply, your IP should allow you to retain any interest that has been refunded so it may be of benefit to you to agree and sign

Regards

Did you sign the forms before or after you received your completion certificate? Do you know whether you had an 'all assets' or 'defined assets' IVA?

Hi andy

Do all ips allow you to retain stat interest ?
Ive just had a successful claim notification with almost 3k of stat interest?

Thanks
Cm

Claire, only a few IP's allow you to retain stat. interest, some on condition you sign a variation letter giving them greater powers and fees.

Cheers foggy.
Thought it was a hopeful ip should allow you to retain interest.
Nevermind wasn't dreaming just yet!

Cm x