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MudPuppy330
Starting Member
1 Posts |
 Posted - 03 February 2009 : 20:47:47
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| How does the Official Receiver determine the IPA - Income Payment Agreement relative to your job ? I work in Sales while my wife is at home and doesn''t work. For the first 3 months of my job my salary and bonus were guaranteed which may reflect badly if the OR were to check my bank account. Now the OR isn''t aware I work in Sales, they think my job in non-commissioned and I don''t want my first 3 months to increase my chances of getting a higher IPA than I really deserve. Also, can they speak to my employer to check my job role and are there any "creative" ways to get around this or any other sales-related role without getting into trouble with the OR ? |
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movin on
Average Member
United Kingdom
946 Posts |
Posted - 03 February 2009 : 21:34:56
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Hi mudpuppy and welcome to the forum.
Im not sure how you will work your earning out, but i should imagine you may need to take an average of your last 3 months pay.
Good luck.
Jenny
Onwards and Upwards is the way im going :-0)
From "Moneyworries" to "Movin On" in 3 months is fantastic :-))
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Edited by - movin on on 03 February 2009 22:05:02 |
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John
New Member
United Kingdom
73 Posts |
Posted - 03 February 2009 : 22:01:49
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Hi
from your post it would appear that you are already bankrupt. Please be advised that the OR will not need to contact your employer to establish your job title as this can easily be done when the HMRC are contacted, they usually are.
It would also appear you may have declared a job title which is not accurate, in which case I'm afraid the OR will very likely go through your case with a fine tooth comb if this comes to light. There is also the issue of the affidavit you may have signed if you petitioned yourself.
If your salary varies then an average of the 3 salary slips prior to bankruptcy will normally be taken as your income figure for the purpose of calculating the possibility of an IPA. This is nothing to worry about as each time your net salary varies you just need to inform the OR and they will reassess the IPA.
In answer to your last question I'm afraid not if you are PAYE.
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Edited by - John on 03 February 2009 22:03:40 |
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 04 February 2009 : 09:19:44
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I wouldn't recommend getting 'creative' with the OR no matter what you do. Doing that is asking for the OR to go through your case with a fine tooth comb, looking for what else you may have been creative with.
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/
20 IPA payments made, 16 to go - on the home straight! |
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gally
Junior Member
114 Posts |
Posted - 04 February 2009 : 10:41:41
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| my ipa payment was agreed when basic and commission reached a certain level i have fallen well below that level since agreement signed i have not payed my ipa since br just send wage slips to moonbeavers who just reply they have received my monthly paperwork the 1st couple of months however a lot of phone calls to moonbeavers was required to confirm arrangement . hope this helps |
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How does the Official Receiver determine the IPA
