www.iva.co.uk

Hi
I made last payment to GT in Oct 2012 and agreed for EIC to pursue PPI on behalf of GT early 2013 and in Dec 2013 I received my completion certificate ,I have just received three cheques from Lloyds this week and they were made out to me if EIC were dealing with this why were they not made out to them as the one that was before the completion certificate was issued and shown in the final report, ``that one wasn't sent to me but sent to EIC or GT.35

Hi

Can you check the online insolvency register to see if you are still on there ?

If you are not and you have your completion certificate then I can't see how GT can have a claim to the money, even though technically it was an asset of your IVA

Very strange and complicated

Regards

Hi Andy
have checked the insolvency register on line and I am not on it ,I did Email GT on Wednesday but no reply they will just say send it even though I have CC,, this never seems to end where an I find out for sure?

Only GT can advise you of that I am afraid.

If your IVA proposal does not provide for all of your assets to be included - and many do not - then you may find that some or all of that money is yours to retain in any case, although I fear that even in these circumstances your IP will claim some of it.

GT has always stated it considers all assets to be included no matter what the IVA says pity no-one can afford to legally test that assumption.

I would pay the cheques in and leave the money to one side ..you have made contact with GT already so let them come back to you .... Hopefully the money is yours to keep!

I wonder if GT would challenge that view if someone did hold the money and refuse to pay it over. That would be a useful test case for all IPs to benefit from, if they were prepared to fund it.

Hi andy i recieved my completion certificate the 15 of november 2013 I got a letter from santander on the 18th of november for a ppi offer of £5254.06 santander will be sending that money to grant thornton the eic is also dealing with my ppi.

So long as your IVA proposal included provision for all of your assets to be included, Sharon, then this is the correct thing for Santander to be doing. Do make sure you get this checked out, however.

Thanks melanie I will ring gt tomorrow and find out.

If you have agreed to EIC claiming PPI on behalf of GT then the money goes to them irrespective of whether PPI is or was an asset of your IVA.

This was the understanding with the MVM variation meetings (spotty letters) which a lot agreed to in order to get their long overdue certificates whilst PPI was still being sorted.