What happens if I have an IPO and want to leave my job? I moved to England to try and earn more money to pay off the debt. If I want to move back home as I will have no money and don't really know anyone here how will that be judged in a bankruptcy setting. I haven't been made bankrupt yet but want to understand the implications if i do.
If you do declare yourself bankrupt and have disposable income, then an IPA or IPO will be arranged. If you subsequently give up your job, you would cease to have any disposable income and you would need to inform the OR as the IPA/IPO could not be afforded.
If you were bankrupt and wanted to move back home, you would simply tell the OR and give him an address and telephone number where you could be contacted. If there is nothing untoward with your bankruptcy, there should not be a problem.
All the best
John Blackadder Bankruptcy365
For help and advice on the easiest and most effective way to a debt free future, please go to www.bankruptcy365.co.uk.
What happens if I have an IPO and want to leave my job ?
Posted - 22 August 2011 : 13:53:40
