No you can’t, as PPI taken on loans prior to the bankruptcy is classified as a ‘Bankruptcy Asset’ and forms part of the Bankruptcy Estate. The bank in question would therefore be obliged to make out any refund cheques to ‘The Trustee of xxxxxx’ and the recipient would forward the cheque to the Official Receiver or Trustee. Having said that, we know of only one bank that actually makes out cheques in this manner – Barclays – and the rest of them merrily make out cheques to the individuals concerned. Unless the individual surrenders the payment, the OR (and the bank) will be blissfully unaware of what has transpired and we know of plenty of people who have claimed this way. Not that we approve of it, mind you.
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 on 01425 600129 for a chat about your circumstances.