Reclaiming PPI after bankruptcy

chasingfreedom

Just a quick question for you PPI experts. Is it possible to reclaim PPI after bankruptcy? I'm not talking about PPI from companies involved in the actual bankruptcy, my only queries are 2 companies from years before the bankruptcy which were fully settled.

Also, how does it work if you don't have account details and if you don't know which address you were living at the time? I had a period of a few years where I moved every six months and I can't remember specifically which address I was at when I started the accounts I'm querying and I definitely don't have any account information from that period.

I did briefly call a PPI company to ask them and they said they couldn't help because I'd been bankrupt. I think personally they weren't interested because I wasn't pursuing much and it wasn't worth their while.

Thanks for your help.

dunstonh

s it possible to reclaim PPI after bankruptcy?

Only on PPI premiums you paid after you were discharged.
If you paid premiums prior to bankruptcy, you can still complain but the lender will send the funds to the official receiver for distribution to the creditors that lost money when you went bankrupt.

I think personally they weren't interested because I wasn't pursuing much and it wasn't worth their while.

They were not interested as they would have ended up billing you for the amount paid out despite you never seeing a penny of it and they are instructed to act fairly on that.

[Deleted User]

chasingfreedom wrote: »

my only queries are 2 companies from years before the bankruptcy which were fully settled.

These would be classed as a pre-bankruptcy asset and so would go to the Official Receiver for re-distribution to your former creditors.

Not much point doing research trying to find out where you were living and what the account numbers are.

chasingfreedom wrote: »

I did briefly call a PPI company to ask them and they said they couldn't help because I'd been bankrupt. I think personally they weren't interested because I wasn't pursuing much and it wasn't worth their while.

No, they told you the truth that they couldn't help bankrupts. It had nothing whatever to do with your "attitude"

You may wish to take yourself over to the Bankruptcy Board of this forum. Specifically, you should read through this thread:
https://forums.moneysavingexpert.com/discussion/3766585
which shows categorically that you are wasting your time with any PPI complaints.

dunstonh wrote: »

Only on PPI premiums you paid after you were discharged.

That's a very unlikely scenario, what discharged bankrupt continues paying PPI?

chasingfreedom

Moneyineptitude wrote: »

These would be classed as a pre-bankruptcy asset and so would go to the Official Receiver for re-distribution to your former creditors.

Not much point doing research trying to find out where you were living and what the account numbers are.


No, they told you the truth that they couldn't help bankrupts. It had nothing whatever to do with your "attitude"

You may wish to take yourself over to the Bankruptcy Board of this forum. Specifically, you should read through this thread:
https://forums.moneysavingexpert.com/discussion/3766585
which shows categorically that you are wasting your time with any PPI complaints.

That's a very unlikely scenario, what discharged bankrupt continues paying PPI?

I'm not sure what you mean by my "attitude"?

The reason I said I thought they weren't interested because of minimum claiming is because I told them about the bankruptcy as soon as they picked up the phone, they said I'm sure we can help and then asked me at least 5 minutes worth of questions about my debts, amounts, companies included and not included in the bankruptcy. As soon as they found out the amounts weren't very large they said they couldn't help.

(They did correctly inform me by the way that any PPI claimed from companies included in the bankruptcy would be returned to the estate (or whatever the term they used was) and I would still have to pay their fee. They were definitely interested in the other accounts until they realised they weren't high value.)

Thank you for the link. I have been to the bankruptcy forum but thought this was a more PPI specific question.

Nasqueron

Anything up to your bankruptcy date would go to the OR, the PPI firm should realise that, they were probably probing to see if you had anything after that was finished and lost interest when they realised they wouldn't get any cash and would have to bill you (which you'd probably be able to dispute given they knew you would get nothing and still have to pay them)

Insider101

I'm no particular fan of CMCs but they've done you a favour here for once. If you've been bankrupt and the PPI was sold before this date you wouldn't get any redress even if your complaint was upheld (other than in the unlikely event of the payout being sufficient to pay your bankruptcy debts in full).