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 If I get a job after discharge ?
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taraog
Starting Member

United Kingdom
5 Posts

Posted - 10 February 2011 :  08:46:15  Show Profile  Reply with Quote
Hi There,
I was made bankrupt in May 2010. I have been unemployed since then. I have heard about IPAs and know that as of this year they take all of your surplus income. My question it this.... If I got a job after I got discharged in may will I have to enter an IPA.
I ask because i plan to leave the UK to find work as i cant find it here and need to make an informed choice

JimmyPennywise
Starting Member



United Kingdom
21 Posts

Posted - 10 February 2011 :  09:13:18  Show Profile  Reply with Quote
Hi Taraog,


I am not an expert on this, but most people seem to agree that once discharged you get to keep everything.
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Viki.W
forum expert



United Kingdom
2211 Posts

Posted - 10 February 2011 :  10:21:01  Show Profile  Reply with Quote
If you haven't had an IPA set up before your discharge, then if you get a job after dischsrge, you don't need to inform the OR and no, you won't have to pay an IPA.

Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
Please read my experience of debt via my blog at http://vikiw.blogs.iva.co.uk/
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Richard P
Senior Member



United Kingdom
1701 Posts

Posted - 10 February 2011 :  11:41:51  Show Profile  Reply with Quote
the OR may elect to review your income and expenditure before Early discharge or automatic discharge.

They will send a form asking for an update.

as a BR you have responsibility to inform OR of any change of income within 21 days.

if you get the chance of a job even if it is overseas go for it.

BR is all about you and realigning your lifestyle. a fresh start

RIchard
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