IVA finished 2013, what happens to new PPI claims?

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pranorm

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Post by pranorm » Wed Feb 21, 2018 8:18 am
Hi ,
I have finish Iva 2013 . Claim ppi 2015 but bank hold my money, said I still have outstanding, so they have the right to took my money to pay that outstanding. What can I do?

kallis3

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Post by kallis3 » Wed Feb 21, 2018 8:44 am
Hi,

Your bank should send the money to your old IP for distribution to your creditors as it was an asset of your IVA.
http://kallis3.blogs.iva.co.uk/
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Foggy

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Post by Foggy » Wed Feb 21, 2018 9:06 am
The bank is not entitled to use the refund to offset a debt that was dealt with in the IVA, but the money belongs to the IVA anyway and not to you, so it isn't worth challenging.
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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