So IVA started in May 2005 I completed it in 2010 with no variations and it was successful. It was a IVA type R3. Completion certificate in hand life has just tootled along until this morning....it was a beautiful start opened mail and I had a letter from my IVA company not putting any names on here. Advising of the Green V Wright case and refunds paid out after IVA completion.
Well in 2014 I did decided to put my toe in the water (4 years after completion) as every one was talking about them I Seriously think PPI refunds what got the British Economy back on its feet. Any way I did receive payments and I have spent them mainly getting the house back to some order after IVA and helped son by a house (small deposit) its was by no means a huge amount of money. During one refund I rang IVA company asking if this was Ok and I was told yes as they had no interest in me anymore.
So today why are they asking......my tummy is turning I feel sick I spent the money as I thought it was mine to spend and will my IVA ever end???
MerlinL14 wrote:Was PPI mis selling a known in 2010? I would argue that your IVA was finalised before the IVA companies were instructed to use them as a cash cow to increase the dividend to creditors and was never mentioned until 'that letter' so you were never aware that is was an issue that could leave you in debt again if the IP chose to pursue you for the refunds. Or, it could just be a generic letter that has been sent out to that IP's past and present clients as a reminder and a 'bum' covering exercise.
Good point, Merlin ..... the OP couldn't be expected to be held responsible for something she didn't know about, nor was advised by her IP at the time. Let's face it, even IP's took a few years to cotton on !
Your right re my knowing how could I have possible known.
Further I had a variation meeting called re equity release or lack of equity in my final year. It concluded I was not to know of property crash in 2010 due to economic crash in 2008. So they concluded my IVA
in final year without and equity. They couldn’t take what I didn’t have.
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