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I have just had a reply from MBNA saying I am not eligible for any redress as I was declared bankrupt, this is not the case as I was in an I.V.A. which is now completed. Also the debt is now run by Max Recovery, what are the options?

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  • 4 weeks later...

Good morning everyone,

MBNA have informed us that you were either subject to an IVA or declared bankrupt some time ago, and as a result you are ineligible to bring a complaint to them. This is because PPI is classed as an asset under the Insolvency Act 1986 and any assets held before the date of the bankruptcy remain vested with the Official Receiver. This remains the case even when the bankruptcy has been discharged.


I was in an IVA, Completion Certificate received 2 years ago.


The debt was sold on to Max Recovery.


Is this correct or is it just MBNA trying it on?


This was done through a claim company and they have now closed the case.


Any advice appreciated.

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please don't hit Quote...just type we know what we said earlier..


if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s -  would collapse overnight.


DCA's view debtors as suckers, marks and mugs - that's why they will never tell you they are not bailiffs and have absolutely zero legal powers on any debt.



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