| T O P I C R E V I E W |
| Mark.5 |
Posted - 27 March 2012 : 00:54:26
Will I be able to keep bonus after discharge
I stop paying sons maintenance in December 2012. Will I have to declare this ? |
| 6 L A T E S T R E P L I E S (Newest First) |
| mydebtpages |
Posted - 27 March 2012 : 12:19:52
Hi Mark
Don't know which helpline you rang but I think you were misinformed. This from the Insolvency website:
quote:
What if my income changes when I am paying an IPA or IPO?
You must contact your trustee (who may be the official receiver) immediately. You will be asked to fill in a form that gives details of your new income and your current spending. Your IPA or IPO may be changed to take account of the change in your circumstances.
If your income has gone down, the trustee may decide to suspend your payments under the IPA or IPO until your situation improves.
If your income has gone up, the trustee may decide to increase your payments under the IPA or IPO.
Best
-MyDebtPages
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| Niobe |
Posted - 27 March 2012 : 10:47:44
One of my friends was bankrupt and I know she had to inform the OR of change in income but not sure about the bonus.
Follow through
Make your dreams come true
Don't give up the fight
You will be alright
'Cause there's no one like you in the universe
Jan
xxx |
| Mark.5 |
Posted - 27 March 2012 : 09:51:36
I phoned another help line this morning and their saying that I don't have to. Just wish they would make these things clear. But thank you for your help Jan!
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| Niobe |
Posted - 27 March 2012 : 09:41:09
In that case then, as far as I am aware, you will have to declare the change in your income and may well have to pay the bonus (or part of it) across.
I do stand to be corrected though so hopefully one of the experts can come on and advise.
Follow through
Make your dreams come true
Don't give up the fight
You will be alright
'Cause there's no one like you in the universe
Jan
xxx |
| Mark.5 |
Posted - 27 March 2012 : 08:17:17
Yes I do have an IPA...
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| Niobe |
Posted - 27 March 2012 : 08:00:41
Hi and welcome.
Do you have an IPA?
Follow through
Make your dreams come true
Don't give up the fight
You will be alright
'Cause there's no one like you in the universe
Jan
xxx |
