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    • norman1976
    • By norman1976 14th Jun 19, 11:03 AM
    • 15Posts
    • 2Thanks
    norman1976
    PPI claims after Bankruptcy
    • #1
    • 14th Jun 19, 11:03 AM
    PPI claims after Bankruptcy 14th Jun 19 at 11:03 AM
    hi,

    I know there is a sticky on this subject but thought I would ask for your help/advice on this matter. Will try to make this short.

    was discharged from bankruptcy 2007 and have now decided to claim PPI, all of these PPI claims go back to before I went bankrupt so all my PPI funds have gone to OR. The PPI refunds are now 30k+ that have gone to the trustee/OR and I am being told different info from my OR about what happens with these funds. Basically I spoke to someone who said that due to funds arriving in my estate letters will go out to all creditors again and then they have 5 weeks to respond, if no-one responds I get the money. Whereas someone else in the same company is saying that there is no time limit on creditors responding and it is very rare funds go back to me.

    Not sure what to do seeing as was discharged a long time ago, there is a lot of PPI refund money in the pot and most of the companies on my bankruptcy list 12 years ago have gone bust.

    Any advice on how to proceed with this matter and what would other people do in this case?
Page 1
    • chanz4
    • By chanz4 14th Jun 19, 1:36 PM
    • 10,045 Posts
    • 2,988 Thanks
    chanz4
    • #2
    • 14th Jun 19, 1:36 PM
    • #2
    • 14th Jun 19, 1:36 PM
    Doesn't belong to you, it belongs to the OR
    Don't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.
    • luvchocolate
    • By luvchocolate 14th Jun 19, 4:16 PM
    • 1,867 Posts
    • 1,741 Thanks
    luvchocolate
    • #3
    • 14th Jun 19, 4:16 PM
    • #3
    • 14th Jun 19, 4:16 PM
    You actually have no right to claim from before B.R that vests with your O.R/trustee. One of the papers you signed at the start of B.R informed you of that.
    It is good to hear you did this yourself though because if you had gone through a company they can claim their fees direct from you so you actually end up worse off.
    • JCS1
    • By JCS1 14th Jun 19, 4:26 PM
    • 3,946 Posts
    • 7,951 Thanks
    JCS1
    • #4
    • 14th Jun 19, 4:26 PM
    • #4
    • 14th Jun 19, 4:26 PM
    You are unlikely to receive any money, OR fees get paid first, then creditors.


    How much did you go bankrupt for?
    • Moneyineptitude
    • By Moneyineptitude 14th Jun 19, 10:30 PM
    • 24,749 Posts
    • 14,285 Thanks
    Moneyineptitude
    • #5
    • 14th Jun 19, 10:30 PM
    • #5
    • 14th Jun 19, 10:30 PM
    It is good to hear you did this yourself though because if you had gone through a company they can claim their fees direct from you so you actually end up worse off.
    Originally posted by luvchocolate
    CMCs are now fully regulated and will refuse point blank to represent anyone making a pre bankruptcy PPI complaint (as long as they are informed, of course).
    • Moneyineptitude
    • By Moneyineptitude 14th Jun 19, 10:35 PM
    • 24,749 Posts
    • 14,285 Thanks
    Moneyineptitude
    • #6
    • 14th Jun 19, 10:35 PM
    • #6
    • 14th Jun 19, 10:35 PM
    was discharged from bankruptcy 2007 and have now decided to claim PPI
    Originally posted by norman1976
    You were told the position here on this board in 2012:
    https://forums.moneysavingexpert.com/showthread.php?p=55164701
    Nothing has changed, nor will it ever.
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