Discharged from bankruptcy and PPI

gemm83_2

Hi guys

My other half has just been refunded some PPI money, and was discharged from his bankruptcy order last year.

It states in his letter that if he is subject to bankruptcy the money will be taken off any outstanding amounts that he owes the bank.

My question is as he has been discharged over a year now, will this apply to him still?

Many thanks for any help!!

[Deleted User]

gemm83 wrote: »

My question is as he has been discharged over a year now, will this apply to him still?

It applies to all bankrupts in perpetuity, so it doesn't matter how long ago he was discharged. PPI redress is classed as a pre-bankruptcy asset and belongs to the Official Receiver for re-distribution to former creditors.

https://forums.moneysavingexpert.com/discussion/3766585

gemm83_2

Thanks for that. So will he have to get in contact with the Official Receiver himself or will Natwest just not issue the cheques after the agreement has been signed?

-taff

If Natwest do issue the cheques to him, he should get in touch with the OR.
They can demand the money back.

[Deleted User]

-taff wrote: »

They can demand the money back.

Yeah, usually months after the redress is awarded!
It's unlikely the Bank will send the redress to your partner (especially as they appear to know he was bankrupt-going by their letter), but even if they do you would be best advised not to succumb to any temptation to spend it.