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Screensize: 640 x 480 800 x 600 1024 x 768 1280 x 1024 UserName: Password: Format Mode: Basic  Help  Prompt  Format: Font Andale Mono Arial Arial Black Book Antiqua Century Gothic Comic Sans MS Courier New Georgia Impact Lucida Console Script MT Bold Stencil Tahoma Times New Roman Trebuchet MS Verdana   Size 1 2 3 4 5 6   Color Black Red Yellow Pink Green Orange Purple Blue Beige Brown Teal Navy Maroon LimeGreen Message: * HTML is OFF * Forum Code is ON Smilies [quote][i]Originally posted by Steve.ph[/i] [br]I went bankrupt on 28th April 2009, and a private IP was allocated to manage my estate. I had no assets of any worth and was (and still am) in negative equity on my house so they never bothered to sell my house. As of 28th April 2012, the interest in the property will revert to me. This morning, I received a letter from Halifax regarding the SVR cockup mentioned here: http://www.moneysavingexpert.com/news/mortgages/2011/02/halifax-to-repay-500-million-to-300000-mortgage-holders Brilliant news- they are paying me back £3800! When I rang the bank however, I was told that because the insolvency firm are still listed as the owners of the interest in the house, I cannot get paid this money directly back to me without written permission from them. As the account is in my name, the IP doesnt know that this money exists yet (unless I tell them). If I were to instruct my bank to use this money to pay off some of my mortgage then it would move from being a credit on the account, to being part of the mortgage itself and they would therefore be unable to claim the money. I could really do with the cash from this so if there is any chance of being able to get it paid back then I'd much rather do that - obviously I'm worried that by telling them then I wont end up with anything at all. The date that the rebate applies to is 01/01/09, and the rebate is calculated as additional interest I've paid between this date and now (although based on this figure, it is only a goodwill payment and the amount is arbitrary). I went bankrupt on 28/04/09, so would I have an argument that I'm be entitled to the interest paid after this date? Or, as it a goodwill payment rather than a refund of interest paid will the amount apply to 01/01/09, ie before my bankruptcy? What steps would the IP have to take in order to claim this money back from my bank, and are they legally entitled to it? Should I tell the IP about the money, or should I tell the bank to add the money to my mortgage? [/quote]   Check here to include your profile signature. Check here to subscribe to this topic.