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kolobok
Starting Member
18 Posts |
 Posted - 29 November 2008 : 17:41:27
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| Hi All. I made myself BR a month ago and have received and returned the usual forms, etc from OR and had a telephone interview. I have been put on an IPA which I was expecting, but a couple of days after receiving the Form - last Wednesday 26th - I was asked to attend a further interview with an examiner. Not knowing my case I doubt there's much you guys can help with but I am WORRIED! The basics are that I moved to Moldova a couple of years ago to be with my partner and started a small business. Shortly after she became ill and needed several heart operations, needing me to sell the business and take out a UK loan.It's all cash there, no Bank Accounts, so I have no proof of anything - and any receipts have been mislaid.I am hoping the truth will win the day but does the Interview automatically mean tougher restrictions on my IPA? They have said for me to sign and return the IPA they have already sent, though, so can this be changed if they so wish? Thanks for any help and Good Luck to everyone. |
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Reviva UK
Advanced Member
United Kingdom
2452 Posts |
Posted - 29 November 2008 : 19:54:46
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They probably want to fully understand the situation.
Whatever you have done won't effect your IPA.
An IPA is based on a contribution from disposable income.
Might be useful for you to write a time line of what happened and when.
Paul Johns
Assisted Bankruptcy Specialists
Reviva UK
For a Free Impartial Review before taking the leap call me @ Reviva UK
www.revivauk.com |
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kolobok
Starting Member
18 Posts |
Posted - 30 November 2008 : 08:00:13
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| Thanks Paul. That's re-assuring to know. I know they can't increase my payments as it's all I can afford anyway, but can they increase the period over which I pay? At present it's over 3 years, which I am quite satisfied with. Thanks to all, members and experts alike, the advice is invaluable and it's good to know that I am not the only one who feels a bit lost by the some of the BR procedures! |
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Reviva UK
Advanced Member
United Kingdom
2452 Posts |
Posted - 30 November 2008 : 09:18:59
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If you have agreed the IPA then that is what the repayment will be and for how long - unless your situation changes and you can't pay any more
Paul Johns
Assisted Bankruptcy Specialists
Reviva UK
For a Free Impartial Review before taking the leap call me @ Reviva UK
www.revivauk.com |
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 30 November 2008 : 13:48:01
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An IPA can only be made for 36 months, unless as Paul says your circumstances change and you can't pay.
Good luck with the interview, and please let us know how you get on x
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.
View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/ |
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pix1
Average Member
689 Posts |
Posted - 30 November 2008 : 14:23:09
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kolobok
chances are, as paul says, the exeminer just wants to clarify one or two points. try to think of anything on your petition which might be confusing or accidentally left out. best to make sure you update the or's office of anything which seems relevant. in my bankruptcy i xent a few letters to clarify certain things and then called a few days later to check they received them. |
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kolobok
Starting Member
18 Posts |
Posted - 01 December 2008 : 17:28:34
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| Thanks for the advice. It's certainly put my mind at rest. Mine is a complicated story and I was worried they didn't believe my petition.I think they are concerned that I still have business interests there. I didn't realise the IPA was a 3 year standard period - thought I read somewhere that it could be a max of 14 years!!! If I'd got that I would have rather robbed a bank ;-). Will let you know how I get on and I'm sure there'll be plenty more questions from me over the coming weeks/months/years.Take care |
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I made myself BR a month ago
