My husband and I have just received our completion certificates for IVA. PPI claims are outstanding but recived a letter stating we are due a refund which is more than any unpaid debt.
IE: owed 23000, paid 19,000 over 6 years paid around 86% of debt. Refund due over 5000 are we entitled to a refund of difference
If there was any left over you would be entitled to it ... but to fully clear an IVA and have a surplus, you need to pay in the full original debt, plus fees and possible statutory interest. On a debt of £23k, that would be, without interest, in the region of £28k .... so there would be no surplus to be had.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014 http://foggy.blogs.iva.co.uk