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Posted: Tue May 20, 2008 3:17 pm
by Betty123
I have just returned my signed proposal so are currently awaiting a date for the creditors meeting - today I have received a letter from one of my creditors saying they are going to pay me back money for payment protection which I took out as I challenged them over this some time ago. Can I keep this money as my IVA has not yet been agreed or will I have to hand this over if and when my IVA is agreed????
Posted: Tue May 20, 2008 3:18 pm
by rayb
I am pretty sure you will have to hand it over. Good on you for getting a result on it though as I am still trying to claim through Lloyds TSB and am getting nowhere. An expert should be along shortly to confirm for sure though
Posted: Tue May 20, 2008 3:54 pm
by chris.g
I think it will entirely depend on when you get the money....if it's before IVA then I imagine you should really keep it to pay into the IVA, if it's after IVA then you will have to pay it in......
xx
Posted: Tue May 20, 2008 4:02 pm
by MelanieGiles
If it is a claim which is known now and is likely to be paid to you, it is an asset and should be disclosed and paid over to the Supervisor to enhance the dividend payable to all creditors.