Lets say you finish your IVA month sixty and get your CC. Then some time later get a bonus for that previous years work months 48-60 on the rules you suggest then that will become due retrospective to the IVA (or part of) If this is the case then why do the IP's not ask for beyond term payslips?
I really can't understand why people who have completed an IVA think they should get any money from a PPI claim with all the grief for people currently being in an IVA delaying closure.
You had % written off, didn't get grief at closure for PPI at that time when you finished (I am one of those) , get under the radar and move on.
But if you do claim money back and actually get some make sure your IP knows you are realising a claim that would have been payable during you IVA.
Just my view.
Last Payment - November 2011 - Completion Certificate received 2 weeks after last payment, Removed from Insolvency Register within 4 weeks after last payment.
Herbekj, if my IP hadn't started reclaiming my plan was to leave sleeping dogs lie. As I have said before, after all this is done and dusted I want to draw a line under the debts and forget them (but remember the lessons learnt).
In my own case I am set to have around £30k written off and probably the same again in interest I have been spared and I am more than happy to settle for that.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Sorry Herbekj! But that's how I feel about people retaining thousands in equity in their home!! Let's face it once the iva is completed you can sell and enjoy the money!! I know it's that old chestnut but what's good for the goose etc etc!! Just my opinion!
I think you are being somewhat naive in thinking that someone who has £1000s of equity in there house can just release that and put cash in the bank after ending there IVA.
Foggy,
you are still in an IVA so you now have to do this (sadly, even if never took any)
I have no intention of trying to claim as I am a completed IVA as per the OPs original question can I claim which I think is wrong.
Last Payment - November 2011 - Completion Certificate received 2 weeks after last payment, Removed from Insolvency Register within 4 weeks after last payment.
How am I being naive??? Once the charge is taken off the property u can do whatever u wish!! I'm not saying its easy to refinance but you can sell it!!! I was with payplan and it is optional as to whether you complete the forms to reclaim any ppi so foggy may not be obliged to claim!
That's not entirely correct as PPI may be claimed from fully paid creditors pre IVA so the ones in your IVA each gets a slice of any claim made from someone outside of it where you actually owned no monies when entering the iva.
Last edited by herbekj on Tue Jul 10, 2012 11:16 pm, edited 1 time in total.
Last Payment - November 2011 - Completion Certificate received 2 weeks after last payment, Removed from Insolvency Register within 4 weeks after last payment.
Creditors who mis-sold PPI are entitled to an improved dividend from the refund of someone else's miselling - just not of their own so creditor balances are still corrected as the balance owing on PPI is removed.
