PPI - do I have to let iva company know?

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darren295

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Post by darren295 » Sat Oct 06, 2018 10:24 am
I am nearly three years into an IVA. I have successfully claimed PPI dating back to 1997 when I was married, now divorced and it was a joint account. I have been told that the money will be split equally.DO I have to tell my IVA company ?

Foggy

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Post by Foggy » Sat Oct 06, 2018 10:40 am
Yes! Some (rare) IP's will allow you to keep PPI relating to old loans, although they shouldn't. This money (at least your share of it) is an after acquired asset and belongs to youir creditors and your IP must be informed and will decide how to treat it -- but be prepared to lose it to the IVA.
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

Lisa Thomas

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Post by Lisa Thomas » Mon Oct 08, 2018 12:15 pm
Yes you need to declare it - you may not even get the refund anyway - it may get sent straight to your IP.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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