www.iva.co.uk

i finished my iva with gt in november 2012 they are now claiming ppi refunds do i get any of that or do they get it all thank you kevin

This a the $64million question really, if it says in your IVA that PPI is an asset they keep it all but...
If its not included in the IVA you could get to keep it...but...
GT have decided we should of known it was an asset (even if the professionals didnt) and should be kept (thier own legal opinion yet to be tested legally)..but...
GT is offering some clients the chance to keep the statutory intrest as a sweetner for using thier PPI claims (EIC) whilst the IVA gets the actual PPI.

Did i mention this is a minefield of if's and buts??

But...(the last one honest) if you have your CC (knowing Gt this is unlikely) then you have finished your IVa and any PPI is yours to claim.

(all this is based on what GT have told me over PPI and what has been said here on the forums))

I finished mine mine with gt August 2012 and signed the form allowing eic to claim. They said I had to claim but would get my closure cert if eic did the claim. As I agreed I finally got my closure cert last week. Eic are pushing ahead with a claim against one creditor as I had ppi I was unaware of back in the late 90's. I will apparently get the interest if the claim is successful but the main claim will go in to the iva. I don't mind that to be honest as my creditors did not get anywhere near the amount they were owed, especially after gt had taken all of there charges out.

Yeah signing the Variance does allow GT to claim excessive fees beyondwhat was agreed in your IVa if they bought yours out and on top of what you originally agreed if you was Gt in the beginning.

That doesn't mean that creditors are allowing those additional fees, howevever!

Greed is Greed im afraid and these big Ip's are really painting the resting of the more principled ip's with the same tarred brush.
In most other apsects of business they would be forced to be clearer and bound by ombudsmen regulations but the IP industry regulates itself until now, things will change after all the bullying thats gone on.

Im glad you acknowledge not all IPs are the same Viperboyz as it would be unfair if they all got tarred together. Some practises operate differently and IPs can have diferent approaches to how they manage this final hurdle of an IVA.

Hopefully any new members to the forum considering an IVA have read the advice to do their homework on which companies to choose as how and IVA is dealt with at the end is just as important as how it is dealt with at the beginning.

Hope you get some clarity from your IP soon Kevin.