Extra PPI going towards IVA. Will this go on until I die?

Get expert opinion. This is the place for new questions to be posted.
3 posts Page 1 of 1
User avatar
Thenameisnomax
Posts: 20
Joined: Wed Jul 15, 2015 1:09 pm
by Thenameisnomax » Wed May 17, 2017 5:37 pm
I finished my IVA over 18 months ago at the 5 year point by agreeing a settlement figure which was greater than staying in the IVA for year 6. The reason was to get it over with and start rebuilding our credit rating. During the 5 year period we also paid in any PPI that was collected by DRSP (no problem with that). Now some 18 months later we find out that we are now to receive some more PPI but it is going towards the IVA. Is this to be expected to go on until I die?

Thank you.
User avatar
Foggy
Forum Expert
Posts: 22413
Joined: Fri Dec 17, 2010 11:14 am
by Foggy » Wed May 17, 2017 5:42 pm
Yes I am afraid that is the case --- or would be if there wasn't a time limit on claiming PPI. Basically, this asset existed during the IVA and so belongs to the IVA / creditors.
User avatar
Lisa Thomas
Industry Expert
Posts: 5559
Joined: Wed Dec 03, 2014 10:26 am
by Lisa Thomas » Thu May 18, 2017 8:54 am
I think time limit on PI ends in June 2019 but doesn't really matter to you as will go into your IVA.
3 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”

Who is online

Users browsing this forum: ryan787 and 0 guests