PPI and bankruptcy

moosegirl

Hi, Please can I have some advice? I was bankrupt in November 1995 and now discharged. Can I make a claim for PPI for the dates after this? I'm getting conflicting advice as in it should be done by the Official Receiver only OR they aren't interested in any monies after the discharge date. Thanks.

dunstonh

Can I make a claim for PPI for the dates after this?

Yes. It is only premiums paid prior to bankruptcy that you cant.

OR they aren't interested in any monies after the discharge date. Thanks.

Premiums paid prior to bankruptcy there are interested in. Premiums paid after bankruptcy they have no right to.

moosegirl

OK thank you - so I should be OK to claim for the previous six years. Thanks.

Nasqueron

moosegirl wrote: »

OK thank you - so I should be OK to claim for the previous six years. Thanks.

You can complain (not claim) about any PPI sold at any point after your bankruptcy, so long as someone has records (either you or the lender)

[Deleted User]

moosegirl wrote: »

so I should be OK to claim for the previous six years.

Note that credit card PPI and loan PPI has not been retailed anywhere in the last six years and that, if it's recent ly purchased Mortgage PPI you are considering complaining about, you'll find there is now a very comprehensive audit trail which will preclude any mis-selling complaint unless you have very compelling concerns...

CanadaAB

Hi, I'm sorry to repeat the same question, however I'm looking for a little clarification as I think Capital One are screwing me around and I'm confused.
My husband was declared Bankrupt in April 2004. He was discharged from bankruptcy in November 2004.
Fast forward to 2007 when we moved in together and got a joint Capital One credit card, which had PPI on it.
In 2010 we paid off the CC before we moved to Canada.
I am now going through the exercise of reclaiming our PPI from this CC and mortgage in the UK. However Capital One are claiming that we are not entitled to the PPI from the CC as there is an insolvency trustee.
However they confirm that the CC and PPI were mis-sold in 2007, which is after the discharge.
Am I right to believe that they should repay to us it as it was not a part of the 2004 insolvency nor were they on the list of debtors when he filed for bankruptcy?

[Deleted User]

Only pre-bankruptcy PPI is classed as an asset belonging to the Official Receiver.

CanadaAB

Moneyineptitude wrote: »

Only pre-bankruptcy PPI is classed as an asset belonging to the Official Receiver.

Thank you Moneyineptitude!

I'll keep pursuing them for this case. The other piece is that it was a joint account and I have never been bankrupt so when they said I couldn't claim anything back I wanted to scream!

[Deleted User]

CanadaAB wrote: »

I'll keep pursuing them for this case.

How did you manage to purchase PPI post bankruptcy, though?

CanadaAB

Moneyineptitude wrote: »

How did you manage to purchase PPI post bankruptcy, though?

He didn't have a massive amount of debt but had to declare to get his feet back under him when the company he worked for at the time went under.
He landed an awesome job just after discharge and we saved a great down payment for our first home, his credit was deemed good enough I guess. It was 3 years before he even applied or attempted to get any form of credit.
We only had the mortgage and one joint CC as he never wanted to get into that situation again if anything changed but both had PPI attached. I wasn't even aware until my parents claimed theirs back and suggested I look into it for us.

Bermonia

Just to point out... credit cards were not ‘joint’ one of you may have been an additional card holder but this does not make it joint lending - as such only the principal account holder is eligible to complain.