I have just received a £194 refund from my IP (just defaulted on my IVA) as overpayment of charges. I am due to go bankrupt on the 15th August, will the OR take this money?
So I could use it for other costs? Currently the last two payments due for my IVA has gone towards my bankruptcy costs but I am struggling because my living costs have gone up by another £200 a month so that would come in useful. As I am going bankrupt on the 15th august do I put that in the bank now then take it out when I take out my money before the OR freezes the account or do I wait and pay that into a new bank account?
I don't think the OR would be too concerned if you kept it and just used it to cover living expenses. Whether you put it in the bank now is up to you, but if you pay it in now you would be able to utilise it over the next few weeks.
Refund from IP
Posted - 29 July 2008 : 10:23:26
