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T O P I C R E V I E W
Alan.H
Posted - 31 July 2008 : 23:19:43 My bankruptcy order was made on 21st May 2008; as the OR is still in the process of dealing with my creditors I am as yet still to make any payments towards any IPO / IPA; my OR has already indicated that an IPA looks as though it will be suggested though.
My question is this, can any request for payment towards any IPA / IPO be backdated to the date of the bankruptcy; in other words can i be asked to make contributions towards any IPO / IPA set up after the bankruptcy order was made; if so I need to make sure I have money available for that?
Thank you for your assistance.
Alan.
2 L A T E S T R E P L I E S (Newest First)
Suzanne
Posted - 01 August 2008 : 10:30:18 Hi
When the IPA/IPO is set up it gives you a start date on the agreement. You are not expected to pay anything before this.
Posted - 01 August 2008 : 01:06:48 Hi Alan.H and welcome to the forum to be on the safe side, if the OR has intimated an IPA is in order then I presume your SoA must have shown disposable income of more than £100. If this is the case then put aside approx 50% for now although it's often the case the OR will only expect you to make the contributions from the date the IPA is actually set up. If this happens then keep what you have set aside and I wouldn't mention it. If your SoA showed no DI and you do not know the detail of which expenditures the OR does not wish to allow, then I wouldn't set any monies aside, acting on the premise that if you don't know which expenditures will be adjusted how can you know which to stop spending against.
