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T O P I C R E V I E W
timedout
Posted - 18 July 2012 : 10:32:48 Hi to everyone. I`m a student in my first year of my degree course. I have debts of over £20000 which I have no realistic chance of paying in the near future. I am considering bankruptcy as this would clear my debts ( not including my student loan I know ) . If my only income was my student loan would I be liable to an IPA? Krystyna
3 L A T E S T R E P L I E S (Newest First)
timedout
Posted - 18 July 2012 : 12:56:53 Thank you. It has given me some comfort to know that an IPA is unlikely. Without going into detail the cause of my debt was not due to reckless spending merely a poorly judged investment. My degree course has given me something new to aim for.
Niobe
Posted - 18 July 2012 : 12:21:20 Hi and welcome to the forum.
Agree that you would not have to pay an IPA.
Good luck with the degree.
Ascend may you find no resistance Know that you made such a difference All you leave behind will live to the end The cycle of suffering goes on But memories of you stay strong Someday I too will fly and find you again
year 2029
Posted - 18 July 2012 : 11:17:11 Hi timedout, and welcome.
On face value, if your only income was a student loan, that wouldn't be used for an IPA.
-------------- Views expressed are my own personal views, based on what has happened during my own BR process unless otherwise stated. Professional advice should always be sought.
