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PPI on secured loans .. does it go to the Official Receiver? - Bankruptcy UK

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PPI on secured loans .. does it go to the Official Receiver?

Can the Official Receiver claim PPI on a secured loan that I am still paying and did not go into my bankruptcy?

Yes he can. You might not think that the secured loan is part of the bankruptcy as it is secured rather than unsecured debt, but it still forms part of the so-called ‘Bankruptcy Estate’ and PPI taken on loans of any description prior to bankruptcy is described as a ‘Bankruptcy Asset’, and goes to the Official Receiver.

Bankruptcy UK specialises in taking people through the bankruptcy process in a straightforward manner. We will assess your circumstances then submit the bankruptcy application online. Court appearances are no longer required for bankruptcy. Call us for a chat about your circumstances on 01425 600129.

 

Bankruptcy UK

Bankruptcy UK