ppi claiming if bankrupt discharged

alisonnpaul

hi guys first time poster not a clue if im right or wrong. so please tear me a part for errors.

anyhow my financial life started out at 21 ish, got my first place and thought a small loan would help (lloyds at the time) this must have been around the 1998 mark.
not sure now but i think i took a consolidation loan of 2k brain can't recall, but i do remember taking a loan to consolidate again one of 5k this time for a court thing i was funding for the girlfriend. (same bank each time).
think it must have been about 2002 we moved house and the wife signed up for a finance on a kitchen this was 4k again lloyds as you can imagine interest started to build and eat into our wages every month. by now i took a credit card and had an ever increasing bank overdraft.
all the loans apart from the kitchen finance loan was in my name the kitchen was in both my now wifes name but then her maiden and mine.
we move again and the stress eventually tears my boyfriend girlfriend relationship apart in 2006 i moved out in jan 2007 declared bankruptsy.
my wife has mental health issues so got side of the kitchen quashed my a solictor writing to them.
my question is does my or i have any entitlement to ppi claim that the bank so eagerly charged each time

dunstonh

my question is does my or i have any entitlement to ppi claim that the bank so eagerly charged each time

You can still complain. However, if your complaint is successful, you will not be paid any redress. It will go to the Official receiver for the bankruptcy who will distribute it to the creditors who lost money on the bankruptcy.

Mr_F_Dorsetty

This is not abuse just me trying to help you - you need to be a great deal clearer in your own mind, learn what is relevant and what isn't... I'm struggling to make head nor tail out of what you're talking about; you ramble, you need to be clear and precise.

It seems to comes down to can you make a PPi claim. You'd have to ask the bank involved, no one else knows. Basically all you do is send a letter stating purely when you borrowed, what you borrowed and why you feel the PPI was mis-sold.

Keep it clean, clear and simple - forget the life story.

However, as that money would it appears have been available to you during your period of BK then I'd say that the OR still has claim to it, if you indeed received it following a claim.

Getting into trouble with the OR for a few £'s is a joke, so if it were me I would

A) Ask the bank if you have a claim. If you do then...

Phone the OR who dealt with your case and ask their advice. They might well say forget it, or they want a % or all of it. Again, only they know the answer.

Would the OR find out? Probably not, however, is it really worth appearing in court, losing any money you received and then getting fined or very possibly prison for fraud, just for a few £'s?

-taff

Actually, you don't have the right to complain either, that rests with the OR.

https://forums.moneysavingexpert.com/discussion/3461629

dunstonh

Would the OR find out?

Yes. The banks have telling the OR. Early ones were not but they have been going back over them to let the OR know that the money was paid out directly. the OR has then asked the person to repay it. Also, it would be unlawful for the OP to keep the money and not let the OR know.

http://www.bis.gov.uk/insolvency/news/news-stories/2012/apr/ppi-mis-selling-claims-and-bankruptcy

alisonnpaul

big ty guys i get these ppi claims on my phone all the time they never seem to leave me alone of late. criticism is always appreciated you never learn from your mistakes without a little on the side

Mr_F_Dorsetty

alisonnpaul wrote: »

big ty guys i get these ppi claims on my phone all the time they never seem to leave me alone of late. criticism is always appreciated you never learn from your mistakes without a little on the side

No probs,

As for phone calls I get them everyday asking if i would like to rate my visit to Nat West bank that day.

As I don't have a bank account with anyone and cannot remember the last time I set foot into a bank of any sort I find this somewhat irritating... can I get them to stop? Can I hell as like! :rotfl:

Mr_F_Dorsetty

-taff wrote: »

Actually, you don't have the right to complain either, that rests with the OR.

Look gents, for pity's sake, both you and dunstonh.

If you bothered to actually read what the OP has written then he went BK in 2007... that's 2007, as in 7 years ago - so he's well clear of the OR isn't he.

So actually he has every right.

[Deleted User]

Mr_F_Dorsetty wrote: »

L
If you bothered to actually read what the OP has written then he went BK in 2007... that's 2007, as in 7 years ago - so he's well clear of the OR isn't he.

Not in terms of a PPI complaint he isn't. The PPI redress is LEGALLY a pre-bankruptcy asset which therefore belongs not to the OP but to his former creditors. There is no statute of limitation on this-so seven years or seventy, it remains the property of others.

In addition, in order to make a PPI complaint, one does not "ask the Bank", one makes an accusation of mis-selling and the Bank investigates accordingly.

-taff

Mr_F_Dorsetty wrote: »

... he went BK in 2007... that's 2007, as in 7 years ago - so he's well clear of the OR isn't he.

No.

He is entitled to complain about any post bankruptcy asset, e.g. a potential PPI complaint, from AFTER 2007. Anything before is up to the OR.

dunstonh

If you bothered to actually read what the OP has written then he went BK in 2007... that's 2007, as in 7 years ago - so he's well clear of the OR isn't he.

If you bothered to read the rules, he is not well clear of it.

So actually he has every right.

wrong.