Ppi

lewismum

Hi,

I went bankrupt in may 2002.Have recently had a letter from a company about PPI saying even althought i went bankrupt i can now claim the ppi back?Is this true? the company wanted to do it for me but take 39% of all monies received.

Any adivce would be much appreciated

Janette

amersall

A claims co should not be doing this and they are lying, if you used them any money refunded would go to the OR you then owe the claims co their cut.
Any PPI refund pre bankruptcy goes to the OR even if discharged.

Look at this link.
https://forums.moneysavingexpert.com/discussion/3766585

dunstonh

I went bankrupt in may 2002.Have recently had a letter from a company about PPI saying even althought i went bankrupt i can now claim the ppi back?Is this true

If the CMC actually told you that then you should complain about them to the regulator as that is potentially fraudulent activity on their part.

A bankrupt has no right to any redress for PPI paid prior to bankruptcy. You can complain but the redress would be paid to the OR and distributed to your creditors. In the mean time, you would be hit for a bill of 39% of what was paid out. A CMC is required to tell you this and they fact they didnt and were actively trying to sign you up is potentially fraudulent.

PinkPixie

People subject to bankruptcy can still complain about PPI, however depending on when the PPI was paid, and the status of your bankruptcy, the redress is likely to go to your Official Receiver.

If you use a CMC to handle your complaint you are likely to end up having to pay them their fee despite your redress going to the Official Receiver, hence you'll be out of pocket.