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18/12/2018 1:46 pm
I was discharged from my trust deed in march 2008, I recently asked a claims company to investigate PPI for me and they came back with several, one of which has stated that they owe me PPI, including compensation, which they say, and I quote, ""£XXXX will be forwarded within 20 working days on your behalf to your practitioner as you are currently in an individual voluntary arrangement (IVA) or have declared bankruptcy."" and the claims company are asking for payment of their invoice on the money awarded. which amounts to almost £1000. What can i do, if anything about this, I read that a recent Supreme court ruling said that once a trust deed was completed it was closed and no other claims can be made upon it.
18/12/2018 3:06 pm
Hi Brian5 and welcome.
Which bank (or banks) is/are involved?
In most instances your trustee will express no interest in the funds and the PPI will then be sent to you.
There's a couple of exceptions unfortunately.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
17/01/2019 11:26 am
Hi Apologies for the delay in replying, there are several companies involved, The one who has said they will send the money to my trustee is EGG Canada square operations.
I also have a claim with Black horse, who acknowledged the claim at the beginning of October, when they had 8 weeks to respond, and have, this week, been sent a third "final chaser". I had a loan with them that was included in the trust deed, but also several other loans that were paid in full, including a very large, secured loan.
Others are.
RBS, who have just asked for " more info ".
Halifax, who actually paid out fairly quickly.
Direct line, who have not responded at all in the 7 months since the claims were started.
Paragon personal finance, who, apparently, no longer exist.
17/01/2019 11:50 am
Hi Brian5.
From what I know, you're likely to receive payment from successful claims for most of these firms.
Some may check with your former trustee that they have no interest in the funds before sending it to you.
The exception that we currently know is RBS. If they wrote off money at the end of your trust deed, they're likely to set-off any PPI payment now due against it. This is legally contentious, but it's what is happening at the moment.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds
Topic starter
17/01/2019 12:21 pm
Hi, thanks for the reply, That's good to hear, just wonder how long they will take to sens the money to me, as it was back at the start of November, when they told us they would sent it to my trustee.
As for the RBS, To be fair, If anything comes from RBS, it won't be much anyway, I can't remember actually having anything from RBS myself other than a bank account.
