Can I claim interest payment from PPI as it was paid after I received by completion certificate ?

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warren.v

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Post by warren.v » Tue Sep 10, 2013 3:12 pm
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Hello, can you please advise me.
I was in an IVA, which ended earlier this year, I have my Completion Certificate dated 12th July 2013.
I have contacted Experian to adjust their records on my credit file, only to have received a letter from one of my creditors stating that they have sent a cheque for interest on one of my PPI claims to my IVA provider, BUT this cheque was sent in AUGUST 2013, a month after my IVA finished. I received over 21000.00 on my PPI claims which was paid into my IVA, and thought that would be it, all finished.
Can I claim this interest payment back from my IVA provider seeing as it was paid in after I received my Completion Certificate.
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Michael Peoples

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Post by Michael Peoples » Tue Sep 10, 2013 3:23 pm
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You need to speak to the IP as you may be entitled to the interest payment. You could be liable for tax on this money so it is only fair you receive it first!
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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Tina Shortland

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Post by Tina Shortland » Tue Sep 10, 2013 5:00 pm
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Hi Warren - it will depend on the terms of your IVA as to whether you can receive this money or not. Speak to your IP to get clarity - hope you get to see some of it so you can enjoy a few extra pounds post IVA.

Let us know why your IP says as I'm sure others would be interested as they could face similar situations.
Regards, Tina Shortland, Debt Advisory Manager for Melanie Giles at Debt Advice TV.

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If you’re ready to ask us for specific advice or help, then get in touch at www.call-me.debtadvicetv.com so you can start to free yourself from the stress and anxiety of overwhelming debt.
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warrenv

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Post by warrenv » Tue Sep 10, 2013 5:12 pm
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font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Michael Peoples

You need to speak to the IP as you may be entitled to the interest payment. You could be liable for tax on this money so it is only fair you receive it first!
thank You for taking the time to reply, I appreciate it very much
Regards
warren
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warrenv

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Post by warrenv » Tue Sep 10, 2013 5:14 pm
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font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Tina Shortland

Hi Warren - it will depend on the terms of your IVA as to whether you can receive this money or not. Speak to your IP to get clarity - hope you get to see some of it so you can enjoy a few extra pounds post IVA.

Let us know why your IP says as I'm sure others would be interested as they could face similar situations.
Thank You very much for your time, I appreciate your helpful advice.
Regards
Warren
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