| Author |
 Topic  |
|
|
Yvonne.wk
Starting Member
2 Posts |
 Posted - 01 October 2012 : 18:01:21
|
| i was bankrupt june 2010, and im paying £31 a month to the official reciever, how long will i have to keep paying, and why am i paying even after being discharged |
|
|
Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 01 October 2012 : 18:05:50
|
Hi and welcome to the forum.
You obviously have an Income Payment Agreement and this will be in force for three years from the date you were discharged I believe. This means that it will finish in 2014. |
 |
|
|
Viki.W
forum expert
United Kingdom
2211 Posts |
Posted - 01 October 2012 : 18:11:11
|
Hi Yvonne,
Was this a nil tax income payment agreement, or an income payment agreement?
As Niobe has said, you are in an IPA for 3 years from the start, so calculate 36 months from your first payment, and that will be your last. If your income change during the IPA, you must tell the OR.
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 |
|
|
|
Yvonne.wk
Starting Member
2 Posts |
Posted - 01 October 2012 : 18:29:43
|
thanks for that, if my earnings go down will my payments and can they take my husbands earnings into account
|
|
|
|
Viki.W
forum expert
United Kingdom
2211 Posts |
Posted - 01 October 2012 : 18:33:51
|
If your circumstances have changed then you will need to contact the OR and fill in a new income and expenditure form. they will want to see that your husband is paying his fair share of the household bills. If you then have no surplus, then your payments will stop, or if you have less surplus, then they can be reduced. Although, if you have less surplus, if you are only paying £31 now, it's more than likely they will stop.
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 |
|
|
| |
Topic |
|
I was bankrupt june 2010. Why am I paying after being discharged ?
