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help please Claimed ppi at end of Iva
mathew12345
Posts: 5 Forumite
in IVA & DRO
Hi I wonder if someone can help?
I got myself in a a bit of a mess and I ended up going into an Iva.
I made all payments up to date and i finished the last payment in April this year.
While I was waiting for my Iva to complete, in May I decided to make a claim for PPI off Lloyds bank, they agreed i was miss sold and have since paid me money i was owed i used this to pay off someone i had borrowed money off and i am all straight now but I am now in a right mess again because I have since had a declaration to sign from my Ip stating I have never claimed any PPi and would not make a claims in the future......
I didn't see i was doing anything wrong if i have, the whole ppi thing only came into play 3.5 years into my Iva and is this really a windfall surely its money I have paid out that belongs to me please help
what do i do ??
I got myself in a a bit of a mess and I ended up going into an Iva.
I made all payments up to date and i finished the last payment in April this year.
While I was waiting for my Iva to complete, in May I decided to make a claim for PPI off Lloyds bank, they agreed i was miss sold and have since paid me money i was owed i used this to pay off someone i had borrowed money off and i am all straight now but I am now in a right mess again because I have since had a declaration to sign from my Ip stating I have never claimed any PPi and would not make a claims in the future......
I didn't see i was doing anything wrong if i have, the whole ppi thing only came into play 3.5 years into my Iva and is this really a windfall surely its money I have paid out that belongs to me please help
what do i do ??
0
Comments
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The money may be claimed as an asset in the IVA as technically it has been an asset since the PPI was tken out years ago, it didnt just become an asset recently.Hi, 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 -
What do I do ? Ignore the letter they have asked me to sign if so what would be the implications of this or if I do sign it ???
Please what do I do I am losing sleep threw worry over this0 -
I would start by telling your IP what has happenedHi, 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 -
Hopefully you haven't spent all the PPI claim money as you may need to hand over to the IP. Best call them and explain first."Dream World" by The B Sharps....describes a lot of the posts in the Loans and Mortgage sections !!!0
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I used it to pay some people off I couldn't put into
The IvA if you catch my drift I got in a right
Mess
0 -
Best talk to your IP and say that the money went on urgent repairs to your car or house etc and go from there."Dream World" by The B Sharps....describes a lot of the posts in the Loans and Mortgage sections !!!0
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