www.iva.co.uk

Hi All I am worried about signing the mass variations letter from Grant Thornton as i have an issue with them regarding the PPI claims and any monies due into my IVA.
I have a single IVA in my name only but I know that some of the accounts they want to claim PPi on are in joint names with my wife. GT have agreed that in the case of accounts in joint names my wife is entitled to receive half of any money refunded with my half going towards my IVA.
No problem with that so far but the issue is that there is nothing listed in the variations letter that confirms this. I have asked GT to amend the letter to include my wife's entitlement to half the refund for any account in joint names, and despite several phone calls to GT's customer services dept I have once again received the purple letter with no acknowledgement to my wife's entitlement.
I assume that the letters are legal documents and therefore enforceable in a court of law so why, if my wife is entitled to any refund as declared by GT, are they unable or unwilling to include this in a legally enforceable document.
If i sign the letter without getting this included will i be signing away my wife's entitlement as at the moment it reads as if all monies recovered as part of PPI claims will go towards my IVA

Hi winchweight and welcome, I would certainly insist on written confirmation from GT stating the fact your wife will receive half of any successful claim.
Another thing to watch is if some of the PPI claims are from creditors in your IVA there is a possibility they will set off any refund against the debt.
GT will put you onto another company to claim on your behalf which will most likely be EIC who claim a staggering 39% of all claimed refunds so how much would your wife get if anything ?
You can however cut out the middle man and claim PPI back yourself template letters are on here somewhere.
I'm sure someone will come along later and tell you how you can access the template letters to claim yourself.

Do you accept that your half share of any successful claim is rightly an asset of the IVA in the first place?