I have £3000 from a ppi claim

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janet530
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by janet530 » Thu Aug 17, 2017 2:35 pm
I have £3000 from a ppi claim. I also have an IVA. Will the cheque come to me or to the IVA Co.
Many thanks
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kallis3
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by kallis3 » Thu Aug 17, 2017 2:39 pm
Hi,

Money will be paid to your IVA - if it comes to you, you need to let your IVA company know as it is due to your creditors.
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Foggy
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by Foggy » Thu Aug 17, 2017 3:10 pm
As Kallis says, the money belongs to your creditors via the IVA.
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Lisa Thomas
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by Lisa Thomas » Thu Aug 17, 2017 3:29 pm
It's an asset that will be due into your IVA.

Some proposals/IPs allow you to keep the interest element.
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