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Bankruptcy in Scotland - a couple of questions (contributions, and PPI refunds)
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TerrifiedLILA
Posts: 2 Newbie
Hello - to note, I'm in Scotland and was made bankrupt in Scotland under those regulations.
After a long time of panicking and burying my head in the sand I was finally declared bankrupt in 2017 and discharged in 2018. I have been making a monthly contribution and completing a regular income/expenditure profile for my trustee. I'm not clear on how long I keep paying a contribution for - can anyone give me a steer?
Separately, last week I got a letter from my credit card company saying they were reviewing their PPI files and that I hadn't cashed the cheque they issued in 2016. I am 100% certain they didn't send a cheque but I got in touch with them anyway and they said they'd issue the refund into my bank account. I just checked with them to see what the timeline would be and they've said that because I have been bankrupt the money goes to my trustee, even though they issued the uncashed refund in 2016, a year before I went bankrupt. Is this one I'm just going to have to suck up?
After a long time of panicking and burying my head in the sand I was finally declared bankrupt in 2017 and discharged in 2018. I have been making a monthly contribution and completing a regular income/expenditure profile for my trustee. I'm not clear on how long I keep paying a contribution for - can anyone give me a steer?
Separately, last week I got a letter from my credit card company saying they were reviewing their PPI files and that I hadn't cashed the cheque they issued in 2016. I am 100% certain they didn't send a cheque but I got in touch with them anyway and they said they'd issue the refund into my bank account. I just checked with them to see what the timeline would be and they've said that because I have been bankrupt the money goes to my trustee, even though they issued the uncashed refund in 2016, a year before I went bankrupt. Is this one I'm just going to have to suck up?
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Comments
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An IPA will last 4 years from when it is set up.
Unfortunately as it is from before your bankruptcy date you are just going to have to suck it up.1
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