| T O P I C R E V I E W |
| theguvnor |
Posted - 04 December 2009 : 14:06:34
Hi all,
looking for some info please.....i recently read on here that in the new year the OR will be tightening up on allowances in relation to I&E to bring it more in line with IVA'S..
Can anyone confirm/clarify this and what effect this may have on current Bankrupts (if this is correct will it mean all br will have to be re-evaluted for possible IPA's)
Hope someone can help. 
im certainly looking forward to a happy Debt free xmas with my family and wish you all the same |
| 8 L A T E S T R E P L I E S (Newest First) |
| Housing |
Posted - 04 December 2009 : 19:26:20
Thanks Melanie
Hope you enjoyed the rugby last week... (Sorry!) one of my best friends was there - as always a good atmosphere - I watched it on the box - may get to a live gig if the world improves in 2010!
Have a great (rugby free) weekend, Richard
"There are no problems - only solutions..." |
| Melanie.n |
Posted - 04 December 2009 : 17:41:39
No any changes will be made on a certin date and all new cases from that date will come under the new rules - nothing back dated!
Melanie Nicholas
28 years insolvency experience - 23 of which in the Insolvency Service
- Insolvency Manager
Jones Giles
email me at melanienicholas@jonesgiles.co.uk
|
| Housing |
Posted - 04 December 2009 : 16:58:35
Hi all,
I am just on half way through my 12 months.
At present, I am on 3 small pensions and state benefits. No IPA - I am seeking work and have come close...
If I get work between now and discharge, I assume that dependant upon my I & E, I may have an IPA and that would last for three years - is that correct?
If, however, I do not find work until say, one day after discharge, then would I get an IPA?
Also, the proposed changes that Melanie refers to - you are saying, if I understand it correctly, that the proposed changes will not be retrospective?
Thanks anyone - some days the lights do not go on in my mind!!
Regards to all, Richard
"There are no problems - only solutions..." |
| Skippy |
Posted - 04 December 2009 : 16:49:19
I have heard that it could mean that 100% of DI will be paid into an IPA, rather than a percentage.
The IPA will still last for 36 months, but it will be more similar to an IVA.
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.
View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/
28 IPA payments made, 8 to go - in single figures! |
| theguvnor |
Posted - 04 December 2009 : 16:31:21
Thanks Mel,
Just wanted to understand what the situation was and if it would affect me.
In relation to DI do you mean that OR would be looking to take a larger percentage of any DI for IPA or they are looking to obtain more ipa's by tightening the allowances?
Sorry if im being slightly simple
Thanks again.
|
| Melanie.n |
Posted - 04 December 2009 : 16:18:32
There are going to be changes in the New Year with regard to bankrupcy income & exp etc, the changes will not affect anyone currently bankrupt but there will be a general tightening up of things 'allowed' such as many offices no longer allowing SKY - this will come into place across the board, none of which is such a bad thing as there should be in my opinion no difference in what is to be allowed dependant on what office/region handles the bankruptcy - at the moment there are too many disparagies.
There is also a move towards a greater capture on disposable income available.
Discussions are also inplace with regard to the early discharge, in that proposals are being discussed to make all bankruptcies last the full twelve months.
Melanie Nicholas
28 years insolvency experience - 23 of which in the Insolvency Service
- Insolvency Manager
Jones Giles
email me at melanienicholas@jonesgiles.co.uk
|
| debtinfo |
Posted - 04 December 2009 : 15:11:58
I have not read this anywhere else either and not heard anything from friends in the industry. The IS is though proposing changes to early discharge and the making of the bankruptcy orders |
| Richard P |
Posted - 04 December 2009 : 14:26:59
Hi Guvnor
think that it was kallis that initially entered the info
I have not read anything other than on this site
however it does seem silly that different allowances for IVA and BR
regards Richard |
