I recently was fortunate to be awarded a big payrise, increasing my take home pay by £ 350 per month.
I duly filled in the IPOQ and returned it, increasing a few monthly costs by a small amount like fuel etc.
I was extremely amazed to receive the letter yesterday from the OR stating that they would not be increasing my IPA payments! I was simply gobsmacked, I was obviously thinking they would want at least a few hundred per month more.
That's great news. With an IPO/IPA, the OR takes between 50-70% of your disposable income. Given you cooperated fully in signing an IPA, my guess is the OR decided to give you a break. Enjoy it!
Probably too tedious for a Civil Servant to do the paperwork, and yet another example of the advantages of bankruptcy over an IVA. It may be great news for you - but hardly so for your creditors.
For an informal chat about any financial difficulties, or advice as to the options available, I can be contacted via my website - www.melaniegiles.com
IPOQ & payrise - amazed by OR reply
Posted - 13 June 2008 : 08:51:23
