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Posted: Wed Jun 11, 2014 2:56 pm
by vince.m
Myself and my wife are at the beginning of an iva application (not yet agreed)and have just been informed we will receive a ppi refund. Do we need to infirm the IP?
Posted: Wed Jun 11, 2014 3:13 pm
by MJS
You would certainly have to declare this to the Insolvency Practitioner. This would would need to be declared to creditors as an asset (Cash at Bank), if the creditor doesn't choose to offset this against their debt
Posted: Wed Jun 11, 2014 3:17 pm
by Michael Peoples
How far into the IVA process are you?