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PPI for spouse of bankruptee
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foxyfoxfox
Posts: 1 Newbie
Hi, a relative has asked me to look into PPI for his wife.
He was declared bankrupt 16 years ago, she was not affected.
He thinks he has/had no PPI and any claim would not be his anyway as it would go to the Official Receiver.
If (big IF!) she is successful in her PPI claim:
1. Would she be entitled to it, or would it go to the OR?
2. Could it in any way negatively affect them (i.e. could the OR enforce payment or take any retrospective or current action against him/her/both?)
They are both very nervous about putting themselves in a negative situation as they have managed to get themselves into a good place in the last few years!
Thanks in advance
He was declared bankrupt 16 years ago, she was not affected.
He thinks he has/had no PPI and any claim would not be his anyway as it would go to the Official Receiver.
If (big IF!) she is successful in her PPI claim:
1. Would she be entitled to it, or would it go to the OR?
2. Could it in any way negatively affect them (i.e. could the OR enforce payment or take any retrospective or current action against him/her/both?)
They are both very nervous about putting themselves in a negative situation as they have managed to get themselves into a good place in the last few years!
Thanks in advance
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Comments
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If any PPI was solely in her name then a mis-selling complaint should be possible. If the PPI was in the Bankrupt's name (or in joint names) then any redress awarded is a pre-bankruptcy asset and will go to the Official Receiver.0
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The way to think of it is, since she wasn't affected previously, why would she be now?
Same situation, his assets (or lack of), and her assets. Different things.0 -
Also he can complain about PPI for anything after the bankruptcy - though 2003 bankruptcy, given limited credit for the next 6 years, 2009 onwards probably not going to have had finance with PPI
Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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