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sue795

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Post by sue795 » Fri May 26, 2017 4:34 pm
I do not want to claim PPI and have been told I must apply my original agreement did not mention ppl
 

Foggy

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Post by Foggy » Fri May 26, 2017 4:43 pm
Hi Sue. I am afraid it doesn't have to mention PPI specifically -- PPI is classed as an after acquired asset (which it does mention in standard terms and conditions). You are also obliged to carry out to any reasonable request by your supervisr to maximise the return to your creditors.

Is there any reason you do not wish to pursue PPI ?
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
 

kallis3

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Post by kallis3 » Fri May 26, 2017 6:12 pm
Unfortunately I think you will have to. It does mean that you can pay back as much as possible.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
 

Michael Peoples

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Post by Michael Peoples » Tue May 30, 2017 8:04 am
You normally do not have to reclaim the money as your IP will instruct a firm to do so. You do have to sign any required paperwork and as Foggy says it is a breach not comply with any reasonable request of the IP.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
 

Lisa Thomas

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Post by Lisa Thomas » Tue May 30, 2017 8:37 am
If you don't cooperate you will be in breach of your IVA terms and it could fail as a result. Best to sign and let them deal with it. It might produce a better return for creditors and could potential (depending on the figures) be useful to you in reducing the balance if you wanted to make a F&F offer at a later stage.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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