PPI and bankruptcy

MrsLollipop

I went bankrupt in 2009. In 2010 my father passed away and I inherited half his money. Because of this, I had to pay all the bankruptcy back and additional costs. I had already been discharged. I am now still being treated as a bankrupt and have been told any PPI payment I am entitled to will be taken by the insolvency company. Surely this is not right being as I paid the entire debt back out of my inheritance?

[Deleted User]

It surely is right. Bankruptcy is a line in the sand after which no party can make a claim on the other.

However, it's far too late for any PPI complaint so it's a moot point.

kaMelo

MrsLollipop said:

I went bankrupt in 2009. In 2010 my father passed away and I inherited half his money. Because of this, I had to pay all the bankruptcy back and additional costs. I had already been discharged. I am now still being treated as a bankrupt and have been told any PPI payment I am entitled to will be taken by the insolvency company. Surely this is not right being as I paid the entire debt back out of my inheritance?

Was the bankruptcy annulled?
If it was then the bankruptcy didn't happen. you would be entitled to receive any PPI due just like any other non bankrupt.

MalMonroe

MrsLollipop said:

I went bankrupt in 2009. In 2010 my father passed away and I inherited half his money. Because of this, I had to pay all the bankruptcy back and additional costs. I had already been discharged. I am now still being treated as a bankrupt and have been told any PPI payment I am entitled to will be taken by the insolvency company. Surely this is not right being as I paid the entire debt back out of my inheritance?

Who is treating you as a bankrupt and who has told you these things? What do your credit reports say? Are they recording any anomalies? (Sorry for all the questions but it's not clear)

Citizens Advice may be able to help you -

https://www.citizensadvice.org.uk/debt-and-money/debt-solutions/bankruptcy-2/after-you-go-bankrupt/can-you-get-bankruptcy-cancelled/

and you can, of course, also phone them to see what they have to say.

But after 11 years, the whole thing should surely be over and done with now and in any case, you should be treated as if you never had a bankruptcy. This seems most unfair.

dunstonh

The money will go to the OR but if the debt was cleared in full, then the OR will send it to you.

MrsLollipop

Thanks all. A few mixed responses. I just feel that as I was discharged, even before I inherited from my late father, I still had to pay the total amount was taken from my late dad's estate leaving me with a lot less. The ppi's where taken out long before I was bankrupt so surely am entitled to any due money?!

[Deleted User]

It's because you took it out pre-bankruptcy that it goes to the OR. But as dunstonh pointed out, if the debts have been cleared in full, then the surplus should come to you.

dunstonh

The ppi's where taken out long before I was bankrupt so surely am entitled to any due money?!

That is the reason why you are not entitled to the money. Bankruptcy is a line in the sand.  PPI premiums paid pre-bankruptcy but then refunded are a pre-bankrutpcy asset.      Premiums paid post bankruptcy are not.

JCS1

The right of action vests in the OR upon bankruptcy.