Can i claim charges after my IVA has finished? (early)

[smithdp]

Hi everyone,

 

Hope you can help!

 

I started an IVA in May 2004. I have recently completed the IVA by way of a full and final settlement 2 years 7 months early.

 

Can i claim back any bank charges from the last 6 years?

Even though some (or all) of these would have been included in the IVA?

If I did claim them back (and won) would they be mine to keep?

 

Looking forwrad to your answers

[bottomburp]

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[CrispDust]

If you have paid all your creditors in full and owe nothing to anyone, then of course you can keep and charges refunded to you. Why should a bank keep any of it?

Did you pay 100% of what you owed to creditors?

Did creditors include some you are reclaimg funds from?

[smithdp]

I didn't pay back 100%. In fact it was about 28% after fees

 

All of the banks i would be claiming against were bound by the IVA

 

But.... as the IVA is now finished. I don't owe anything to anyone.

All the debts are fully 100% satisfied.

 

Some of that debt, will be the chrages i would reclaim.

 

If i had paid the debts in the normal contractual way, claiming the charges after the event would be the usual situation.

However, my debts are paid in full (all be it by a legal IVA agreement) so claiming the charges back is only fair.

 

What is also only fair, would be for the banks only to give me 28% of my charges back......i think

[smithdp]

I didn't pay back 100%. In fact it was about 28% after fees

 

All of the banks i would be claiming against were bound by the IVA

 

But.... as the IVA is now finished. I don't owe anything to anyone.

All the debts are fully 100% satisfied.

 

Some of that debt, will be the chrages i would reclaim.

 

If i had paid the debts in the normal contractual way, claiming the charges after the event would be the usual situation.

However, my debts are paid in full (all be it by a legal IVA agreement) so claiming the charges back is only fair.

 

What is also only fair, would be for the banks only to give me 28% of my charges back......i think

[bottomburp]

deleted

[smithdp]

I have paid back more than 28%, but that is the creditor's cut AFTER fees. My contributions equal over 50% of the original debt.

 

Yes, I have done well out of it, as you point out.

But....If i'd reclaimed all my charges before the IVA (or never been charged them in the first place!), my original debt would have been say 20% lower, so I would have had to have paid 28% of a lower amount to get myself debt-free. I reckon that would have saved me around £5K on what i have paid back.

 

As for being discharged from my IVA early, that doesn't happen. They run for 5 years unless you come to a full and final arrangement (or they fail)

Thankfully i have generous parents who lent me £11K to get it all finished with!

[bottomburp]

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[CrispDust]

How come I seem to be the only person who repaid all of his IVA creditors 100% and within 4 years?

And the huge fecking pound of flesh the supervisor took -approx 30% over and above the debt owed!

And we talk about the bank being self centered profit mongers.....