Thank you.

The matter is straight forward.

If you have been released from the IVA then the PPI money is yours.

If you may not been released from the IVA then the PPI money is not yours.

So it all hinges on whether or not you are released from the IVA.

If you have a letter from the IP or some other documents confirming that you are or will be released in October 2011 then you are ok.

If on the other hand when you say you were told it would be oct 11 and this was via phone or some other non written down media, then you have difficulty.

This is because you would need to prove that you were told you would be or in fact was released.

In any event they may argue just because you were told you would be released does not mean that you were released.

If you took the matter to court though I do not think that a judge would find in your favour.

There is a legal doctrine called equity which is about the right thing but it can only be used as a shield not a sword.

As such I do not think a judge would find that you are entitled to the money when you have entered an IVA and the PPI claim is a result of a loan that was in arrears and written off in the IVA.

So you need to check to see if you were officially told you were out of the IVA.

If so, you have a case, if it was in writing. If not then you are in difficulty.

I am sorry if this may not necessarily be the answer you are looking for but based on what you have said, this is the legal position.

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