Get expert opinion. This is the place for new questions to be posted.
			
	
		
		
			
				
					
										
					rudolph.ae 					
					
															
										
																				 
				Posts:  7  				Joined:  Thu Feb 18, 2010 12:25 pm 				
				
												
																 
				
					
															
					
					
					I already hyave an IVA can i still claim back Payment Protection on loans
					
					
															
															
										 
				 
			 
		 
				
			 
				
	
		
		
			
				
					
										
					Julie 					
					
															
										
																				 
				Posts:  9478  				Joined:  Thu Feb 14, 2008 10:56 pm 				
				
																			Location:  United Kingdom 
													
																 
				
					
															
					
					
					Hi Rudolph, 
 
Welcome to the forum. 
 
There would be nothing stopping you from claiming, however depending on the amount this may have to be paid into your IVA. 
 
I deleted your other post as it was a duplicate of this one [;)]
					
					
															
															
										 
				 
			 
		 
				
			 
				
	
		
		
			
				
					
										
					rayb 					
					
															
										
																				 
				Posts:  1288  				Joined:  Wed Dec 12, 2007 11:15 am 				
				
																			Location:  United Kingdom 
													
																 
				
					
															
						 
						
																			Post 
													by 
rayb  » Thu Feb 18, 2010 12:32 pm
						
 
						
																							
																		 
					
					
					Hi, 
 
As Julie says whatever you claim back will just be used to offset what you owe the Creditor
					
					
															
															
										 
				 
			 
		 
				
			 
				
	
		
		
			
				
					
										
					Julie 					
					
															
										
																				 
				Posts:  9478  				Joined:  Thu Feb 14, 2008 10:56 pm 				
				
																			Location:  United Kingdom 
													
																 
				
					
															
					
					
					It would depend on the amount and the terms of your IVA.
					
					
															
															
										 
				 
			 
		 
				
			 
				
	
		
		
			
				
					
										
					MelanieGiles 					
					
															
										
										Industry Expert										 
				Posts:  47612  				Joined:  Tue Jan 09, 2007 10:42 am 				
				
																			Location:    
																						
													
					
						Contact 
						
					
					 
												 
				
					
															
					
					
					Yes - and I know of a very good firm of solicitors I would be happy to recommend if you needed assistance with this.  Any returns from creditors would need to be paid into the IVA for the benefit of creditors however.
					
					
															
															Regards, Melanie Giles, Insolvency Practitioner
										 
				 
			 
		 
				
			 
				
	
		
		
			
				
					
										
					Julie 					
					
															
										
																				 
				Posts:  9478  				Joined:  Thu Feb 14, 2008 10:56 pm 				
				
																			Location:  United Kingdom 
													
																 
				
					
															
					
					
					Melanie, if the amount was less than £500 would rudolph keep the funds? 
 
I'm thinking on the lines of the common windfall clause seen in IVA's.
					
					
															
															
										 
				 
			 
		 
				
			 
				
	
		
		
			
				
					
										
					MelanieGiles 					
					
															
										
										Industry Expert										 
				Posts:  47612  				Joined:  Tue Jan 09, 2007 10:42 am 				
				
																			Location:    
																						
													
					
						Contact 
						
					
					 
												 
				
					
															
					
					
					If this was written into the IVA agreement, then yes this would be possible.
					
					
															
															Regards, Melanie Giles, Insolvency Practitioner
										 
				 
			 
		 
				
			 
				
	
		
		
			
				
					
										
					Julie 					
					
															
										
																				 
				Posts:  9478  				Joined:  Thu Feb 14, 2008 10:56 pm 				
				
																			Location:  United Kingdom