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Scottish Trust Deed Forum
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Topic starter
24/10/2012 11:46 am
Can a company that handles your bankruptcy force you into claiming for PPI?
I would much rather look into this matter after my bankruptcy has ended but i have received a letter from the company asking me to sign an agreement?
Your advice is most welcome.
24/10/2012 12:22 pm
Hi stevie0398.
Their responsibility is to raise what they can to help cover the costs of the bankruptcy and to repay whatever can be repaid to your creditors. This doesn't seem unreasonable and PPI claims might really help in that respect.
I'm not 100% sure what their powers would be if you refused. Maybe one of our experts could tell you/us...
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
24/10/2012 12:55 pm
In bankruptcy, the Trustee has an obligation to the creditors and his duty is therefore to maximize assets for their benefit.
If there was non co operation, he could get a court order if need be.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
Topic starter
24/10/2012 1:19 pm
Would any money made from the PPI bring the agreed payments down slighty or would it all go to the creditors?
24/10/2012 1:31 pm
Hi stevi0398.
Anything extra paid for PPI would be a bonus for creditors on top of your contributions.
Your contributions should remain based upon affordability.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds
