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Can I still claim PPI after Bankruptcy?

Categories: Bankruptcy FAQs Bankruptcy Questions Uncategorized

If it was for loans taken prior to the bankruptcy, then no, as these are defined as ‘bankruptcy assets’ and form part of the ‘Bankruptcy Estate’. The bank in question would still  settle the PPI claim, but would forward any payment to the ‘Trustee in Bankruptcy’ or Official Receiver.

That’s the official answer, but in practice many banks simply pay out as they don’t have the resources to investigate the solvency status of clients. We don’t want to mention names, but we know of only one bank that makes out cheques to ‘the trustee of Mr. R. xxxxx’. Please note that if you went bankrupt some time ago and subsequently took out loans with mis-sold PPI you would be able to claim this in the usual way.

Bankruptcy UK offers a full bankruptcy administration service and will submit your bankruptcy application online. Court appearances are no longer required for bankruptcy. Call us for bankruptcy help on 01425 600129 or for an informal chat about your circumstances.

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