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Ppi

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My iva has been terminated since then I am entitled to a ppi refund what will happen to it 

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  • foxy-stoat
    foxy-stoat Posts: 6,879 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    theidle said:
    My iva has been terminated since then I am entitled to a ppi refund what will happen to it 
    You have missed the boat on PPI now, deadline was August last year.  If you tried to claim it would be rejected or paid to your IP.
  • thevdm
    thevdm Posts: 137 Forumite
    100 Posts First Anniversary
    I have no idea about the PPI deadline, but as you've terminated your IVA you are no longer bound by the rules of it and as such if you had a pay out it would be up to you to decide what to do with it.
    I may be wrong sometimes, I learn a little every time I'm corrected.
  • mwarby
    mwarby Posts: 2,049 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    This could perhaps depend on what has been signed, and who is controlling the PPI reclaim. If the IP is handling the PPI claim getting the money is likely to be rather more difficult than if the OP is handling the claim
  • Any successful PPI claim you have will almost certainly be paid to your Insolvency Practitioner even though your IVA has been terminated. They will then make a distribution to the creditors that were included in the IVA (if there are any surplus funds after drawing any fees they are due).
    PPI would also be paid to an IP if the IVA successfully completed (in most scenarios) unless creditors had been paid in full during the IVA.
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