IVA Companies trying to grab 30% years after IVA completion court certificate issued!
My IVA successfully completed 5 years ago. The court report indicates that and says there will be no more reports this is ended.
Now my previous IVA company DFD says they have cashed a cheque for PPI.
We never were asked about ppi ever and never signed a deed of assignment. There was no proviso in our end of IVA court report for anything to do with ppi which ends all communicatons with our previous IVA supervisor and which is legally binding.
DFD should not have cashed a cheque which did not belong to them. They are not complying with Green v Wright. Until this is overturned this is a legal precedent whether IVA companies like it or not.
Green v Wright is the latest presedent whether you like it or not all you IVA companies raking in millions.
Whether you like this or not you should be complying with the law.
Simple as GET THIS ANYONE HAVING PROBLEMS POST IVA WITH THESE companies are money seeking SHARKS!!
Unfortunately, until the judges make a decision as to who keeps funds post IVA, this will be an ongoing issue.
I can imagine how frustrating it would be to find out that an insolvency company has received a cheque for funds and cashed them, without knowing 100% whether they should have done, even after closing an IVA down, but I can only think that these will be returned to the debtors if a judge makes a ruling in the debtors favour.
Personally I think it does depend on the company too, as we've had ppi since finishing the iva and have been told we could keep it, so I wouldn't say that all companies are sharks.
Started IVA 27th Feb 2012 - Due to complete 27th Jan 2018 !!
Full & Final submitted and accepted 30th March 2015, paid 10th April 2015 - 3 yrs 1 month into IVA
Completion Certificate received- 30th April 2015!!
Many IVA companies set up PPI claim management companies or jumped on the band wagon to encourage reclaiming.
It will be hard for them to prove or justify the fees associated with this but then again creditors allowed them to get away with it.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
Lisa - there are a few different discussions at the moment.
Some strong feelings being expressed.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
This is a repeat of a similar post by the same contributor. The other post has been fully discussed and this one has been locked to encourage the discussion to continue on the original post.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
