PPI - do I have to let iva company know?

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darren295
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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 ?
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Foggy
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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.
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Lisa Thomas
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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.
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