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Needafriend
Junior Member
United Kingdom
344 Posts |
 Posted - 16 September 2008 : 14:16:32
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Just a general question here, if after discharge and we dont have an IPA in force and we open up a savings account for rainy days can the OR take what you put in there.
Any advice greatly received. 
Thank you
Jo x
"There is light at the end of the tunnel, if you cant find it get a brighter torch"
For links to help with Bankruptcy, useful web pages and also a run down of my new debt free life, both before and after Bankruptcy, then please visit my blog:
http://debtfreejo.blogs.bankruptcyhelp.org.uk/ |
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BankruptC
Senior Member
1030 Posts |
Posted - 16 September 2008 : 14:22:42
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Hi Jo,
Wait for the others to reply, but I really think the answer is no. I'm sure that at that point the money's yours to do with what you want (and to REALLY get on with having a life!).
As I said, don't quote me, but I do think that's right.
C. x |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 16 September 2008 : 14:25:04
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I think its no too, but it was one of the niggling questions that got me thinking. As i dont know how long the OR sort of rules your life, if you know what i mean, there has to be a cut of point somewhere.
Thanks again.
Oh and i am so worried about jacqui, i hope she is ok. :-(
Jo x
"There is light at the end of the tunnel, if you cant find it get a brighter torch"
For links to help with Bankruptcy, useful web pages and also a run down of my new debt free life, both before and after Bankruptcy, then please visit my blog:
http://debtfreejo.blogs.bankruptcyhelp.org.uk/ |
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BankruptC
Senior Member
1030 Posts |
Posted - 16 September 2008 : 14:29:41
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I think the 'cut off' you mention is at discharge unless you get an IPA? Is that right? (Got me thinking now!)
I'm sure jacqui will be ok. Suzanne's given her some reassurig advice now.
C. x |
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Suzanne
Average Member
United Kingdom
869 Posts |
Posted - 16 September 2008 : 16:04:44
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Hi
If no IPA is in place when you are discharged then the OR has no further claim on any of your monies unless it was obtained etc during the period of your bankruptcy.
I don't think the last lot of advice was so reassuring i'm afraid, based on the info she came back with.
Suzanne Stocker
Bankruptcy Manager
Jones Giles Ltd
www.jonesgiles.co.uk
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BankruptC
Senior Member
1030 Posts |
Posted - 16 September 2008 : 16:56:27
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Thanks Suzanne.
Can I also ask, if we get an IPA does that mean we can't get an ED?
I saw the reply from Jacqui and hope things get sorted for her.
C. x
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 16 September 2008 : 17:00:32
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Hi Suzanne
Thanks for that info, hopefully when we are discharged we can start to save properly and have money to one side for as i said rainy days.
When you say obtained during BR do you mean if we inhertited it or something like that.
I did read the bit about Jacqui i hope that it gets sorted out for her. She knows we are here even as just friends. :-)
Thanks
Jo x
"There is light at the end of the tunnel, if you cant find it get a brighter torch"
For links to help with Bankruptcy, useful web pages and also a run down of my new debt free life, both before and after Bankruptcy, then please visit my blog:
http://debtfreejo.blogs.bankruptcyhelp.org.uk/ |
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Suzanne
Average Member
United Kingdom
869 Posts |
Posted - 16 September 2008 : 17:03:38
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Hi Jo
Yes I did mean if you inherited money etc
Suzanne Stocker
Bankruptcy Manager
Jones Giles Ltd
www.jonesgiles.co.uk
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 16 September 2008 : 17:08:56
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Thanks, i understand now.
I will hopefully be able to start to look forward once we know what is going on with regards to discharge etc.
I wanted to try from then to save for holidays, christmas, car and also any other things that happen to break if you know what i mean.
I like the idea of saving now as it has always been on credit before and since we went BR well before actually as the only credit we have had since 2006 was added to a catalogue in February for about 600 i think but that was it.
It give me a buzz now to know that what i spend is ours and not something we have to pay back, if that makes sense.
Jo x
"There is light at the end of the tunnel, if you cant find it get a brighter torch"
For links to help with Bankruptcy, useful web pages and also a run down of my new debt free life, both before and after Bankruptcy, then please visit my blog:
http://debtfreejo.blogs.bankruptcyhelp.org.uk/ |
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After Discharge- can the OR have any savings!
