PPI Claims after bankruptcy

debtinfo

and i suppose you have told your OR?

When you say it can be done, it cant be done legally, and one day you may get a knock on the door

leeroyjones76

Can I claim on a loan I had from Lloyds in 2002 which I paid off and subsequently went bankrupt in 2005 owing Lloyds money in this action? How far back can you make a claim?

Thank you

tigerfeet2006

No you can't as it is an asset in your BR and as such would vest in the OR.

magsy10

Hi I hope someone can provide a clear answer on this.

I was declared bankrupt in July 2011 and discharged in July 2012.

I have since done all the work myself and claimed PPI refunds on the accounts included in the BR. The total amount included in the BR was a little over 10k and the total of my PPI refund was over 14k. The money has been paid to the OR which is correct I know. However, as the total amount refunded is more than the amount owed under BR. Am I entitled to receive the money awarded over the amount owed. And will this also reverse the BR?

Mouse1812

Unfortunately the BR costs will probably exceed the surplus. Worth asking OR though, especially worth asking if the BR can be annulled (cancelled) because everthing has been paid including costs.

immoral_angeluk

Unlikely, BR costs can be VERY high, especially where property is involved. No harm in asking though.

Mouse1812

immoral_angeluk wrote: »

Unlikely, BR costs can be VERY high, especially where property is involved. No harm in asking though.

BR was only for £10k, rabbit hutch maybe? :icotbaske

immoral_angeluk

Mouse1812 wrote: »

BR was only for £10k, rabbit hutch maybe? :icotbaske

Difficult to estimate the OR/trustee costs. I'd speak to the OR and see what they say.

Mouse1812

Coincidently I was reviewing some old paperwork this evening relating to the bankruptcy of a friend four years ago. A bit messy, well over £30k. All property and assets disposed of prior to bankruptcy. Cash from sales kept and handed over to OR. So plenty to discuss but not much else for OR to do.

Total OR costs disclosed on release as trustee notice just under £5,000. Half of that was the Secretary of State fee.

immoral_angeluk

Mouse1812 wrote: »

Coincidently I was reviewing some old paperwork this evening relating to the bankruptcy of a friend four years ago. A bit messy, well over £30k. All property and assets disposed of prior to bankruptcy. Cash from sales kept and handed over to OR. So plenty to discuss but not much else for OR to do.

Total OR costs disclosed on release as trustee notice just under £5,000. Half of that was the Secretary of State fee.

Sounds roughly what I'd expect in a straight forward case but it varies case to case.