| T O P I C R E V I E W |
| Pauldch75 |
Posted - 14 January 2012 : 16:47:01
hi, i was declared bankrupt in 2008 and have a year left of payments to make to ipa. my prents want me to buy their house for discout but do i need to tell OR? they want to give me it for 50% discount.and what will OR do if i do tell them. Any help would be great! |
| 7 L A T E S T R E P L I E S (Newest First) |
| Pauldch75 |
Posted - 25 January 2012 : 20:14:16
hi,
can you tell me if i need to let the OR know if I receive a tax rebate? im making ipa payments of £80 a month and have six months left.
And what will happen if i dont tell them?
I had a rebate before but never received it as I hadnt been discharged at the time however this time its come staight to me.
Is it likely tax man will tel them.
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| Pauldch75 |
Posted - 15 January 2012 : 09:02:35
thanks vicky.
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| Viki.W |
Posted - 15 January 2012 : 09:01:10
Not now you've been discharged.
Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
Please read my experience of debt via my blog at http://vikiw.blogs.iva.co.uk/ |
| Pauldch75 |
Posted - 15 January 2012 : 08:46:58
thanks, Do you know what happens if i do have a windfall of some kind. Will they take it off me?
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| Viki.W |
Posted - 14 January 2012 : 18:27:11
You need to keep them informed of any changes to your income and expenditure and any bonus/overtime etc.
If you win the lottery etc or are given a house, then you don't need to notify the official receiver as long as you are discharged. The exception to this is if the house was due to you before or during your bankruptcy, such as left to you in a will.
Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
Please read my experience of debt via my blog at http://vikiw.blogs.iva.co.uk/ |
| Pauldch75 |
Posted - 14 January 2012 : 17:31:49
thanks vicky, if i receive a lump sum of money or get given a property do I have to declare it? I read that I should tell the OR of any changes in circumstances if you're paying an ipa. Even though I'm discharged.
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| Viki.W |
Posted - 14 January 2012 : 16:56:31
If you've been discharged from your bankruptcy then you don't need to inform the OR of your intentions, however, you may struggle getting a mortgage.
Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
Please read my experience of debt via my blog at http://vikiw.blogs.iva.co.uk/ |
