Could you please tell me what happens after discharge? I think I still have to make the IPA payments but what about any other money I receive eg royalties, money left in someone`s will etc-can OR still take those? Is there now a finite amount which I owe them and could it be paid off as a lump sum or does it still depend on changing circumstances? Thanks for your help.
Hi Barbara G Have you been given an IPA? The normal time scales for an IPA is 36 months. You have to report any increase in your pay-they take an average. If the average does not go up that much then all is well. Don't forget expenses can increase over the 36 months. If your circumstances change Ie Redundancy -then the IPA can be stopped or reduced if your income falls.
Hope this helps Nick :-)
Edited by - Integrity on 16 December 2008 16:40:49
Unfortunately, I think your IPA payment can be varied depending on income. Not certain about wills or royalties. Try searching the Insolvency Service website
I'm not sure about royalties, but if you receive an inheritance it depends on when the person died. If they died prior to your discharge the money belongs to the OR, but if they died after discharge the money is yours.
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.
what happens after discharge
Posted - 16 December 2008 : 16:32:59
