Hi Car038

this forum never ceases to amaze me. There is no obligation, legal or otherwise, for you to pursue this. What will happen if you don't? Nothing.

If this was a valid claim in the circumstances you describe, then why is your Trustee ( and his solicitor) not pursuing it?

This action can easily be raised by your Trustee, however I suspect he doesn't wish to appear to be working for and gainst the creditor in question.

Mark

Mark

Sorry Mark, I have not explained this properly. The solicitor acting for the IP has requested information from me most of which I do not have as we had a loan some time ago and I don't have details of it any more. Not sure what they would do after that if they are pursuing it or not but letter stated I must co-operate and that if i don't my IP would be notified which implied some sort of repercussion. Does this change what you had thought? Thanks Mark

Hi car038

There is a requirement to co operate with your Trustee in all matters, however if you do not have the information and are unable to supply this then this cannot be seen as non co operation.

Hope this helps

Mark

Hi Mark

yes this helps, thanks again for your advice.

Hi car038

No probs at all.

Regards

Mark

Once again I'm staggered by this.

A solicitor, acting on the instruction of an Insolvency Practitioner, is writing to somebody in a Trust Deed telling them they must cooperate with a potential PPI claim without making any investigation as to whether that individual feels that the PPI was mis-sold in the first place.

I wonder what the banks/lenders who are on the sharp-end of these claims feel about the IP's who are instructing the solicitors?

Hi TDA

I did feel they had a bit of a cheek. It would appear from this forum that some IP's are jumping on the bandwagon of compensation for missold PPI. I have not been asked if I feel this is appropriate or not. Wondering if the IP is on some sort of commission if a lump sum is received? Why would they be pursuing this otherwise.

Hi CAR038,

I'd be 99.9% sure that there is some kind of introductory or success fee involved.

To me there is no issue with an IP asking a client some questions about PPI they purchased in the past. If the answers to those questions revealed possible grounds that mis-selling took place then I think it's fair enough that a claim be made. The effect of this will be that the non-offending lenders will receive a greater return on the debts in the Trust Deed which I think is a good thing.

Where I struggle is reading these reports of solicitors writing implicitly threatening letters, on the instruction of an IP, on the assumptive basis that all PPI has been missold.

If I were a bank or other lender (on the receiving end of these claims) I'd be interested to know which IP's were involved in that.

I guess the other thing to remember though is that a lot of lenders behaved very poorly in the way that they went about selling various products. In some circumstances this will have contributed significantly to people finding themselves in debt. Where that has happened I'm pleased to see the scales being re-balanced.

I agree with trust deed assistant - if there is evidence of misselling then it would seem fair enough to challenge that. But to try and bully someone into claiming that PPI has been missold seems like another thing altogether.
Also, there seem to be a lot of cases on this forum where such claims/investigations have resulted in long delays to people being discharged, which doesn't seem very fair.

Does this happen a lot? I mean, IP's raising PPI claims? I am just concerned as to whether or not I could be contacted at some point in the future by my IP or a solicitor on their behalf to do the same. This isn't something I am interested in doing. Would be an option to speak to my IP regarding this?

Hi Newbie65,

This seems to be isolated to a very small number of firms so hopefully will not be an issue for you.

The fact that it is so uncommon (or has been) might help to explain why there is a little surprise amongst the various experts on the site that this is happening at all.