PPI 3 years late.

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paulf
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by paulf » Tue Feb 27, 2018 8:29 pm
Hello. I have just had a,letter from an old account saying they got it wrong and that as I was in a POI when it was checked the cheque would be sent to the company I was with. As the VIA was completed what will happen to the money?
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luluj
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by luluj » Wed Feb 28, 2018 6:01 am
The money is likely to still form part of your previous iva agreement as it relates to financial activity prior to your iva - it potentially could be distributed amongst your creditors.
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Foggy
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by Foggy » Wed Feb 28, 2018 7:52 am
It is down to ecomomics at the end of the day -- some IP's will distrinute it some will return it to you if the costs of digging out old records and re-contacting former creditors simply makes it an unecomomical exercise. Technically it belongs to the creditors.
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