Bankruptcy, ppi and reclaiming charges

intrepid

Hi there

Is it accurate that there is little point reclaiming all your ppi and charges, as it will all be kept as recompense? (I can see how, although it irks because the snowballing charges years ago caused the bankruptcy!)

[Deleted User]

intrepid wrote: »

Is it accurate that there is little point reclaiming all your ppi and charges, as it will all be kept

This is asked so often the subject has it's own sticky thread on the Bankruptcy Board. Here's the link:
https://forums.moneysavingexpert.com/discussion/3766585/ppi-claims-after-bankruptcy

The short version is that Bankrupts cannot ever complain about mis-sold PPI because that right now belongs solely to the Official Receiver. Any redress will be redistributed amongst the Bankrupt's former creditors. It's not kept as "recompense".

As to Bank charges, that particular ship sailed a decade ago...

elliesmemory1

What if the ex bankrupt is claiming for a deceased relative?

SonOf

elliesmemory1 wrote: »

What if the ex bankrupt is claiming for a deceased relative?

The executor of the estate can raise the complaint. If the complaint is successful and the estate was in surplus, then the funds will be distributed as per the Will or intestacy.

[Deleted User]

elliesmemory1 wrote: »

What if the ex bankrupt is claiming for a deceased relative?

The status of the account being complained about is what matters. Bankrupts cannot complain about their own pre-bankruptcy PPI, but there is nothing to stop them from complaining on behalf of a deceased relative if they are the executor of that estate.

In your own case, available records show only that your parents didn't have PPI. It's a bit moot now, but if they had the insurance you could have gone on to (successfully) complain and receive any redress awarded. Your own bankruptcy is irrelevant.
https://forums.moneysavingexpert.com/discussion/comment/76058448#Comment_76058448

elliesmemory1

Moneyineptitude wrote: »

The status of the account being complained about is what matters. Bankrupts cannot complain about their own pre-bankruptcy PPI, but there is nothing to stop them from complaining on behalf of a deceased relative if they are the executor of that estate.

In your own case, available records show only that your parents didn't have PPI. It's a bit moot now, but if they had the insurance you could have gone on to (successfully) complain and receive any redress awarded. Your own bankruptcy is irrelevant.
https://forums.moneysavingexpert.com/discussion/comment/76058448#Comment_76058448

Thank you for your reply. You dont actually know all the details of my case but thanks for your opinion.

[Deleted User]

elliesmemory1 wrote: »

You dont actually know all the details of my case but thanks for your opinion.

I was referring only to what you have posted on this website in recent times, no speculation or opinion.

elliesmemory1

Moneyineptitude wrote: »

I was referring only to what you have posted on this website in recent times, no speculation or opinion.

Thats true but I did only ask if a ex bankrupt could claim. I didnt say it was me or if it was the accounts I posted about before.