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| T O P I C R E V I E W |
| Moving on |
Posted - 28 October 2010 : 18:12:20
Hi,
Myself and my husband declared bankrupt in april of this year (2010). At our interview our Official reciever calculated no IPA for me and £55 IPA for my husband. I recently recieved a letter suggesting they were considering early discharge for me and asked me to completed an income and expenditure form. My husband recieved nothing at this stage but we assumed this may follow in due course or not at all.
After completion, the official reciever found I still was unable to pay an IPA but also that these figures would mean my husband would no longer have one either, our petrol and rent had both increased.
We recieved confirmation from Moonbeaver last week to say an IPA would no longer be collected.
I contacted the official receiver's officer to see if there was anything further I should now do and they said paperwork had been sent to my creditors and they had to wait 1 further week for them to object (if relevant) to my early discharge. BUT then said that they felt this would be highly unlikely as the same creditors hadn't objected to my husbands early discharge.
They explained that at the time when I was completing forms on income and expenditure they had already started process to discharge my hubby early.
So my question is;
We are both employed and were told our tax codes would change to zero, however this hasn't happened yet (6 months later). Can this still happen if we were discharged early?
Also it was my understanding that if we were discharged without an IPA we would no longer have income and expenditure monitored?
Finally if income did increase and we were subject to a NT code, what we would have to do?
I am thrilled about prospect of early discharge for us but concerned at same time because I don't know what we still have to inform OR about. Especially as any increase to salary would in effect change the amount of tax we would pay.
Hope someone can help us. |
| 2 L A T E S T R E P L I E S (Newest First) |
| Moving on |
Posted - 29 October 2010 : 09:57:54
Thanks for your reply.
So to confirm the OR will recieve a refund from HMRC if a NT code is not sorted before early discharge? Is that because they have to have sorted before you are discharged?
Also would that mean if our household income increased, the OR would automatically be refunded any increased tax we had paid,without us telling them ourselves?
Thanks again, its great having someone to ask! |
| Bigal4787 |
Posted - 29 October 2010 : 01:12:44
If having submitted the IPOQ that you were sent prior to being considered for ED, the OR stated that you still don't qualify for an IPA, then you don't need to tell the OR anything else,just wait for the notification from the OR(you only get notification in ED cases), after that an IPA cannot be claimed.
As regards the NT tax code, if it hasn't been applied yet, but should have(HMRC are way behind with lots of things) then what probably will happen is that a tax refund will be due, which HMRC will send to the OR.
Hope this helps
Big Al |
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