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T O P I C R E V I E W
pokerking1
Posted - 08 April 2009 : 14:27:36 Hi all, I went bankrupt dec 08 for a debt of 60k in total, IR made me bankrupt. Im a self employed electrician and when I was in the interview with the OR he asked me how much i earn per week, I told him between £400-£700 p/w and he agreed a sum of £225 p/m to pay to OR, This was last dec and i havent paid anything yet because i havent heard from them? Also ive been earning £700 p/w for the last 2 months and have been spending a bit here and there. I cant buy big purcheses coz im not discharged yet so what do they expect me to do with all this spare cash?? I know the idea of going BR is because u cant afford to pay your debt but now im doing ok coz i dont have the debt anymore to pay?? Im confused please help...
ps
I know i should be giving the extra cash to the OR but why should i if they havent asked for it??
any help would be great
6 L A T E S T R E P L I E S (Newest First)
gally
Posted - 08 April 2009 : 17:25:28 thanks once again john
John
Posted - 08 April 2009 : 17:21:33 Hi gally
sorry if I alarmed you in any way. Once the IPA clock is ticking then it can only last for 36 months. Therefore in your situation although there is an IPA agreement in place you may never make a contribution.
John White England Jackman & Spacey
gally
Posted - 08 April 2009 : 16:42:55 thanks john my payments kick in at a certain level of income agreed at or meeting i fax wageslips over to moonbeavers and receive the standard letter reply still havnt had to pay into my ipa mostly commission based you see i was concerned if you were implying the arrangement is not for 36 months but for 36 payments if you follow my line of thought
John
Posted - 08 April 2009 : 16:38:46 Hi
unless Moonbeaver, or whoever the collecting agent is, has made the necessary arrangements with you to collect the monies and you have signed the IPA document then the IPA has not yet commenced.
Therefore by virtue of not being in an IPA your money is yours.
Pokerking1 advised apart from the discussion with the OR there has been no further mention of the IPA. If the agreement has been signed but the collecting arrangements have not been made then technically the sum agreed should be set aside for collection later.
John White England Jackman & Spacey
gally
Posted - 08 April 2009 : 16:31:48 john can you please just elaborate on that for me please
John
Posted - 08 April 2009 : 15:26:36 Hi
unless your IPA has begun your income is your own including the £225 per month you are expecting to have to pay.
It is for the collector to get the IPA collections started and the IPA will last 36 months from the date the IPA begins.
