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stevenabbott
- Posts: 9
- Joined: Sat Feb 06, 2010 11:32 am
- Location:
Hi all
Can someone clarify the text below please . I am sure it is obvious to most but i am trying to see if PPI can be captured by my IP or not . It is a 5 year old IVA.
It states under excluded assets "no other relevant or significant assets owned by me have been excluded from this proposal".
It then mentions the 2 cars we have under £3000 being excluded .
Not sure what this means if anyone can help .
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TheArtist
- Posts: 555
- Joined: Sat Nov 17, 2012 4:41 pm
- Location: United Kingdom
Morning Steven, I would think, unless you have your CC, if PPI is available for capture by your IP, please rest assured, they will get it.
In as much as your excluded assets are concerned, your cars, i would think your IP has indicated that these are vital or (relevant) for you to earn a living, and they will not absorb them.
No cars could equal no job could equal no payment to IP.
Completed IVA - August 2012 pheeeeeeeeeew
Only my opinion - Nothing More Nothing Less
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Kev.02
- Posts: 103
- Joined: Sun Dec 23, 2012 9:02 pm
I agree with theArtist i think they will have any PPI you are entitled to. But your cars are safe
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in-a-mess-indeed
- Posts: 184
- Joined: Thu Jul 08, 2010 8:22 pm
- Location: United Kingdom
Hi Steven, I agree it is pointing towards capture however, it might not hurt to ask your IP just to make sure, I thought mine would be captured until my IP told me otherwise, worth a call
Took The plunge and made the call, changed our family life and we have never been happier. Debt free and wont go back..... IVA was by far the best thing we ever did to teach us the real value of Family and money
