www.iva.co.uk

Posted: **Tue Mar 06, 2012 3:35 pm**

I'm thinking of claiming back PPI from my creditors. If all goes well, one of my creditors will probably owe me more than I actually owe them. Does any money claimed back from them go into my IVA to be shared out between all my creditors or will they pay off all of what I owe them, thus leaving me debt free with them.
Also how would this effect my payments.
Apart from any spelling mistakes, does the above make sense.

Posted: **Tue Mar 06, 2012 3:38 pm**

It all goes into the pot,although dont be surprised if some offset any claims against outstanding balances!!

Paul

Posted: **Tue Mar 06, 2012 3:44 pm**

Do I get to keep any of it?

Posted: **Tue Mar 06, 2012 3:49 pm**

Unless the repyament covered all of your original debt, it all goes into the IVA, I am afraid. It will not affect your payments, merely add to the overall payments to the creditors ( unless you hit that magic 100% plus fees earlier. ) .

Posted: **Tue Mar 06, 2012 4:08 pm**

Oh well, one can only dream!