Need advice please. I'm in an iva contract and was refunded a butlins holiday. I used the bank card that is involved in the contract and the cash was refunded back 2 the bank card. They are keeping all of the refund. I'm sure they can't do this.???
Who has kept the money? Your bank or the IVA company?
If it's your IVA company, they're potentially treating the funds as a windfall due to the IVA.
If it's your bank, they're potentially exercising their right to offset, or potentially holding the funds until they hear from your IVA company whether they can release it to you.
In any case, speak to your IVA company for clarification/assistance.
I work for one of the UK's biggest Insolvency Practitioners. All posts I make are my own thoughts and/or opinion and are not the views of my employer. None of my posts constitute legal advice and should not be taken as such.
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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.
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