How long the trustee is in use after the IVA completion?

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chris628
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by chris628 » Sun Jul 23, 2017 7:58 pm
Hello,

I'm struggling to understand how long the trustee is in use after the IVA completion? And how it is that after completion they still have authority to Mis-sold PPI. We are more than 3 years after completion.

Thanks,
Chris
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Foggy
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by Foggy » Sun Jul 23, 2017 9:38 pm
PPI belongs to the IVA estate in perpetuity, although, in practice the IP will lose interest once it becomes uneconomical to ressurect the old papers (or they are destroyed). It belongs to the IVA because it existed during the IVA, even though it might not be realised afterward. In reality though PPI will cease to exist after the recently introduced deadline.
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