www.iva.co.uk

Hi all,

Reference the statement from CLEARDEBT, does that mean that the current process that DFD are going through (PPI deed of assignment and variation) will now not happen?

I have been waiting for Equity in Finance to complete their PPI investigation since early 2012 having completed by IVA in January this year.

I have signed and returned the documents and am waiting to hear when the creditors meeting would happen.

I really hope that this process continues as I am so annoyed that having completed my IVA, it cannot be closed.

I am sure that DFD have either taken, or are in the process of taking, their own legal advice on this matter. If you have any queries with regard to their own strategy, it would be best to raise them with the team there directly.

Hi Melanie

I have just spoken to DFD and they have reviewed the statement on this forum. The key is with in the 'set-off' term which doesn't appear to be stated in any of my outstanding PPI claims although they did say that some IVA's would be affected.

Thank you for the advice.

There are many differing views as to the effect and ability to set-off sums repayable by creditors, and until this is properly challenged in Court there is no certain answer, despite all of the various legal advice we have all taken over the last year or so. And there are even differing approaches amongst lenders - so it is pretty difficult to give firm advice on any of these areas to be frank.