Would PPI claim money go to IP?

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Matt.rs

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Post by Matt.rs » Fri Oct 26, 2018 1:56 pm
Hello everyone
I have 3 more payments left till IVA is completed which is great.
Has anyone recently received a letter from the financial claims office. They are quoting the plevin v paragon ruling and telling me I can claim PPI and bank account charges.
I have of course done all the PPI Checks with regards to my creditors.
I may have a possible ppi claim with an non creditor and i did pay a monthly fee for an old account.

Would any of this money come to me or be handed over to the IP.

Foggy

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Post by Foggy » Fri Oct 26, 2018 1:59 pm
PPI and similar claims belong to the creditors, even after the IVA has completed. although some IP's will allow you to keep it (not many though). If you use a claims company and the lender sends the money direct to your IP, as often happens, you might be stuck with having to pay the claims company commission to boot !
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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kallis3

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Post by kallis3 » Fri Oct 26, 2018 4:12 pm
Agree - it does belong to your creditors.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
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Radish

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Post by Radish » Sun Oct 28, 2018 9:52 am
PPI has been a very confusing part of the IVA process.
IVA complete March 2014 after 6 years.
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