Hello Anne and welcome to the trust deed forum.

It's become common for insolvency practitioners to seek assistance from clients to try to claim back PPI.

The funds realised help to pay back more of what is owed to the creditors.

Trust deed firms are instructed that they should do this.

You can ask for them to discharge you while they remain in office to sort out the PPI claim however.

hi thanks for your replies i understood that there was a certain amount to pay and it was distributed at the end of 3 years to crediters so how can they keep putting the amount at the end up and up am scared now that they will come up with something else and i will never be free of it

You will always owe the full amountnof your debts until the trust deed ends. Only after us any remaining debt written off.

Paul

Hi anne.

There wasn't a set amount you'd repay, that figure was an estimate and might increase if opportunities to do so (like PPI) arose.

Anne,

I've heard that some Insolvency Practitioners are also doing full credit searches of their cases and trying to intimate PPI claims on the debtor's behalf on their older/settled/satisfied debts which were paid-off prior to the Trust Deed.

Simply put, the Insolvency Practitioner has a right/duty to realise anything due to you and to maximise the return to your creditors.

To put your mind at ease, you shouldn't have to run-on with your monthly contributions to the Trust Deed if it takes them longer than the (initially planned) 36 months to collect your PPI claims but it may, in some cases, prevent you from getting your discharge until your PPI has been ingathered by your Trustee and the distribution/dividend is paid to your creditors.

Also on ppi I have just received a letter from one of my former creditors that I may have been mis sold ppi,relating to refinancing covering a period of 2 years from 2005 and 2007 I had no idea. What's the rules relating to this will they take the money back or can I receive some of the money owed. Trustee discharge march 2013 .

Hi jimmybee.

Was this lender owed anything in your trust deed?

Yes they were Amy does that make a difference, as I thought that when you were discharged and the trustee was discharged, any windfall was yours to keep.

That's right jimmybee, unless the lender thinks they have the right to offset the payment against the (ex) debt.

We've heard about that happening here.

Ok once again thanks don't know if its worth the hassle,I had a company saying they would apply for it for me, obviously for a percentage they say they would put through a legal argument with a no win no fee. Probably just send it in myself,and if they take it they take it, don't know why my trustees never chased it up as they did with other ppi claims.

It's an interesting point if they can offset this against the debt. I would have thought the debt died with the finalisation of the Trust Deed.

Mark

Yes Mark my thoughts exactly,a trust deed are you not actively trying to pay what you can afford,towards your outstanding debt,and when you have completed this process the debt has died.With this company knowing of my trust deed, and being part of it,do you think they are maybe at it,and have in fact waited till the trust deed has been completed,so they don't have to share with the other creditors. Just a thought and I think I should take them on now.

Hi jimmybee.

I wouldn't use a claims company.

You might "win", see the cash offset, and be landed with a big bill for the "win" from the claims company.

I don't know the technicalities or legalities of this, but I can understand why a trust deed creditor in such circumstances might take the view that its unfair for them to pay out after (presumably) having written off some of the debt previously.

If you push the claim yourself at least there is nothing to lose apart from some time.