We are at the beginning of an IVA application. Do we need to inform IP of PPI refund ?

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vince.m

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Post by vince.m » Wed Jun 11, 2014 2:56 pm
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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?
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MJS

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Post by MJS » Wed Jun 11, 2014 3:13 pm
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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
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Michael Peoples

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Post by Michael Peoples » Wed Jun 11, 2014 3:17 pm
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How far into the IVA process are you?
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
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