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wendash
Starting Member

13 Posts

Posted - 23 April 2010 :  08:15:19  Show Profile  Reply with Quote
Hi everyone.
Could someone clarify a few things please?

If we get an IPA and get discharged after 12 months, can the IPA be changed if our earings go up/down?

If we are subject to a BRO/BRU, do we still get discharged after 12 months and what happens if our earnings increase while still under a BRU.

Thanks

charlie44
Junior Member



231 Posts

Posted - 23 April 2010 :  09:08:30  Show Profile  Reply with Quote
quote:
Originally posted by wendash

Hi everyone.
Could someone clarify a few things please?

If we get an IPA and get discharged after 12 months, can the IPA be changed if our earings go up/down? Yes, you must inform the OR of sny change in circumstance.

If we are subject to a BRO/BRU, do we still get discharged after 12 months and what happens if our earnings increase while still under a BRU. Yes you will be get discharged, the BRU has no bearing on your earnings whilst an IPA does.

Thanks




Hope this helps?

Life`s Tragedy is that we get old too soon
and WISE too late!
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Skippy
forum expert



United Kingdom
3290 Posts

Posted - 23 April 2010 :  09:10:40  Show Profile  Reply with Quote
If you get an IPA it can be changed up or down even after you have been discharged.

If you get a BRU/BRO you will still be discharged after 12 months. If your earnings increase you will only need to notify the OR if you are still paying into a IPA.

View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/

Only when the last tree has died, the last river has been poisoned and the last fish has been caught will we realise that we cannot eat money.

33 IPA payments made, 3 to go - the end is in sight!
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