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Shylock
Junior Member
199 Posts |
 Posted - 16 February 2009 : 08:23:15
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I am 7 months into a 36 month IPA I had requested a review due to a change in circumstances (my income has increased and also my Partner and I are expecting a baby in May), the OR has decreased my payments by £50 a month which is great :) however they have also started my IPA again so I have another 36 months to pay.
Is this right I would have thought I would just keep paying for the remaining 29 months.
Thanks
In The Beginning There Was Nothing, Then God Said "Let There Be Light", And There Was Still Nothing But Now Everyone Could See It.
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Melanie.n
forum expert
United Kingdom
1282 Posts |
Posted - 16 February 2009 : 08:26:03
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Give the OR a ring to ckeck - the period is usually 36 months in total and does not re start at a review, perhaps the letter is misleading, i would get them to confirm either way to you, and if it is going to restart demand an explanation as to why
Melanie Nicholas
28 years insolvency experience - 23 of which in the Insolvency Service
- Insolvency Manager
Jones Giles
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Shylock
Junior Member
199 Posts |
Posted - 16 February 2009 : 08:34:38
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What they have sent me is a whole new IPA agreement the same I signed before which says payments start from march 2009 for 36 moths
In The Beginning There Was Nothing, Then God Said "Let There Be Light", And There Was Still Nothing But Now Everyone Could See It.
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Suzanne
Average Member
United Kingdom
869 Posts |
Posted - 16 February 2009 : 10:16:56
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Hi Shylock
I would ring them to get it clarified as it sounds as if they have just sent out the standard form without making the necessary amendments for the months you have already paid.
Suzanne Stocker
Bankruptcy Manager
Jones Giles Ltd
www.jonesgiles.co.uk
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Shylock
Junior Member
199 Posts |
Posted - 22 February 2009 : 22:24:44
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Spoke to OR on the phone she had forgot to amend the terms to 29 months, and has sent me new forms, thanks for your help
In The Beginning There Was Nothing, Then God Said "Let There Be Light", And There Was Still Nothing But Now Everyone Could See It.
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IPA Question
