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Posted: Thu Sep 22, 2016 7:45 pm
by Lee.ld
Hi I completed my IVA about 18 months ago.
My IVA was extended by a few months to give time to reclaim any PPI i during that time i was awarded about 5000.00 pounds from Natwest but no others came forward.
The 3 months ended and i received my certificate.I then resumed trying to claim back PPI from other creditors and was awarded another 5000.00 pounds from Barclays i spoke to my IVA people to make sure that barclays have no claim on it though they was one of my creditors on my IVA i then chase Capital One they also found in my favour but they refused to give me the money saying it was going into my IVA even though my IVA finished over a year ago and i have the certicate is this correct.

Posted: Thu Sep 22, 2016 7:51 pm
by Foggy
As things stand at the moment PPI is an asset of the IVA -- it was there, albeit unadmitted, during the IVA and is therefore due to the IVA.

There is a court case, currently under appeal, where they are trying to get a ruling that PPI claimed after the completion certificate is issued can be kept. They are expecting the result to be announced in November ( although this has been put back already).

Posted: Thu Sep 22, 2016 7:58 pm
by kallis3
Wouldn't surprise me if it didn't get put back again!

Posted: Fri Sep 23, 2016 9:05 am
by Michael Peoples
It sounds like you received the £5,000 from Barclays which is a bonus in itself. If this is the case your IP may have no interest in your PPI and will send the cheque back to you. Seems strange but depends who the IP is.

Posted: Fri Sep 23, 2016 9:19 am
by Foggy
There seem to be a couple of IP's / firms who do lose interest in PPI post completion. They could,in the future, find themselves on thin ice with the creditors.

Posted: Fri Sep 23, 2016 1:03 pm
by Lisa Thomas
It also depends whether you signed an assignment document at the time your IVA closed. If not then whether or not you are entitled to these funds will depend on the outcome of the Wright v Greene Appeal case in Court.