- Fri Mar 07, 2014 3:17 pm
Hello Grant333 and welcome.
Normally in this situation you would not be likely to get any of your PPI money back. The reason for this is that even though you have paid 100% of your original debt back on top of this you would also have to pay Grant Thornton's fees which would probably be c£8000 (a Nominee fee of c£1500 and then Supervisor's fees of 15% of the rest of the money you paid). Then on top of that GT would be entitled to give interest to your creditors of 8% of your total debt so another c£3500
These two things would total £11500 but I understand you have paid nearly £15k extra into your IVA. As such I would have thought you should be due a refund of c£3500.
I would definitely contact GT and ask them for a breakdown of exactly where all the money has gone.
IVA completed - July 2011
As a forum moderator I am here to help other forum members by sharing my experience of solving a debt problem and giving suggestions and advice where I can.