If my creditors have been paid back in full on IVA can they take PPI?

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phil384
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by phil384 » Thu Feb 22, 2018 4:58 pm
i completed my iva in july 2017 i paid 100 pence in the pound back to creditors, i recently got a letter from my bank saying a ppi claim that was made in 2014 whilst i was in the iva there had been a mistake by the bank and there was more money to come off the claim. my question is the extra money off this claim is it mine as i paid 100 pence in the pound back to all my creditors.

thanks phil.
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kallis3
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by kallis3 » Thu Feb 22, 2018 5:01 pm
If you paid everything off in full including fees I imagine PPI should be yours.
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Foggy
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by Foggy » Thu Feb 22, 2018 5:03 pm
I agree -- if you paid all the debt back then it is yours. Fees etc would have been accounted for before the debt.
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luluj
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by luluj » Fri Feb 23, 2018 6:59 am
I was in same position and still had to psy my money to my creditors as it was deemed theirs due to the loss of interest that had been paid
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Lisa Thomas
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by Lisa Thomas » Fri Feb 23, 2018 9:21 am
Did creditors receive statutory interest on top of the capital debt? Or did they waive their right to it?
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