3 years after IVA completion

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Post by vix71 » Fri Jul 20, 2018 11:56 am
I completed my IVA in 2015 and got my completion certificate. I received a letter today from Equity in Finance to ask me to sign a form for them to get PPI from one of my cards. They also said that any money would be given to my creditors. It also states that if I don't return the form to them then action may be taken against me to get the funds? Is this right even though I'm 3 years down the line.


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Post by Foggy » Fri Jul 20, 2018 12:01 pm
Yes this is correct. PPI still belongs to the IVA and your creditors. So far we are unaware of what action could or would be taken for non-compliance but, in theory, they could apply to the courts for the IVA to be cancelled.

I would engage with Equity in Finance and first ask them to confirm and prove that they have been instucted by your former IP.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014


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Post by kallis3 » Fri Jul 20, 2018 1:42 pm
I thought your IVA completed in 2014 reading previous posts and EIF have already got PPI?

Agree with Foggy - you do need to sign it if there is anything else to be claimed.
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Post by MerlinL14 » Fri Jul 20, 2018 1:56 pm
Although you do technically have to comply with your ex IP over PPI, I feel that EIF are overstepping the mark making statements about redress and action being taken if you don't comply with them! You are not duty bound to EIF under any circumstances and certainly not obligated to abide by their letters. You could write to them asking that all requests go via your ex IVA company so you have validity of their actions as you have no direct or compliant business directly with them. I would also ask your ex IVA company for all statements of PPI refunds and payments to creditors. Making threats to people who have already completed their IVA is low and totally avoidable. It doesn't show any degree of professionalism by EIF. Sign the forms and let it be or be an ass (like EIF) and get EIF to jump a few hoops for being so impolite.
Last Payment made 04/12/14. Completion Certificate 25/7/15. IVA company GT. No Issues
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