Will PPI confiscation last for rest of our lives ?

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david632
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by david632 » Fri Nov 03, 2017 8:57 pm
We finished our IVA in June 2016 and got our completion certificate. We have now been awarded a PPI Pay out and it was sentered straight to our old PPI management team. When I phoned them they said they can take any money we get for the rest of our lives!! Is this right?
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Foggy
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by Foggy » Fri Nov 03, 2017 9:09 pm
From PPI -- yes. It was an asset that existed during the IVA and, therefore, belongs to the IVA. Soon it will be acedemic as claims will be closing and no more PI will become payable anyway.
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