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PPI refund being kept by First Credit after bankruptcy!!
Comments
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As it relates to an account/credit from before your bankruptcy, then the benefit of it now vests in your former bankruptcy estate. So it must go the OR/trustee.
Sorry. That is the way it works.
Even in the case of something much more serious like a personal injury claim, any compensation for loss of earnings goes to the OR/trustee.Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB
IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed0 -
As it relates to an account/credit from before your bankruptcy, then the benefit of it now vests in your former bankruptcy estate. So it must go the OR/trustee.
Sorry. That is the way it works.
Even in the case of something much more serious like a personal injury claim, any compensation for loss of earnings goes to the OR/trustee.
Well done Fermi, you just know so much and 99% of the time you are right. I would not even want to try and get money back from these type of schemes, I felt ashamed to dump all my debts to begin with but I think we all do that. I am just so glad I do not have the calls and letters anymore :TIf you woke up this morning congratulations, you have another chance :j0 -
Hi Fermi, I appreciate your advice. Wish I knew as much as you as I wouldnt have gone down this route in the first place.
Could I ask another bit of advice please..... Like I said the OR now want me to send them back the £900 I received in May 2010. Problem is I havent got it as I used it to live on due to low income and continued hardship. What will they do to me if I cant pay it back? They have asked for it in 14 days, no way can I get that much in such a short space of time. Do you know if they are lenient enough to give me more time or even installments??? If not what can I do and what will they do? Take me to court to bankrupt me again??
Regards Andy0 -
Hi Everyone,
I need your advise, I was discharged from bankruptcy in March 2006, my house was sold by Halifax and they recovered their money. Having checked my agreement on a secured loan by Halifax, I noticed that they were charging me PPI £2.26 per month. I became bankrupt in 2005 and Halifax sold the house. Should claim this mis-sold PPI? I do not want to go this route if in the end they are going to pocket the money themselves.
Please advise - thanks.0 -
Well the one certainty is that you would not be able to keep the money from the claimHi, im Debtinfo, i am an ex insolvency examiner and over the years have personally dealt with thousands of bankruptcy cases.
Please note that any views i put forth are not those of my former employer The Insolvency Service and do not constitute professional advice, you should always seek professional advice before entering insolvency proceedings.0
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