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turborat
Junior Member
289 Posts |
 Posted - 25 March 2009 : 09:58:38
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Hi all,
It has now been nearly 6 months since we wen BR and life has definetly changed for the better.
I have a quick question. We recieved an IPA for 3 years on top of our BR and I want to know, do I need to let the OR know of any monies recieved or income increases/decreases after the 1 year BR term or does this rule apply for the whole 3 year term of the IPA?
I hope this makes some kind of sense and I would like to say again a BIG thank you to everyone who helped me in the past, without them we would probably still be struggling with huge debt around our necks!!! |
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Melanie.n
forum expert
United Kingdom
1282 Posts |
Posted - 25 March 2009 : 10:12:23
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HI there
you should update the OR (or Moon Beaver who administer the IPO'sof any changes whether an increase or decrease in income or expenditure as the IPO is to reflect your actual disposible income, If you are going to notify them of any changes to your income ask for a new Inc & Exp form to be sent to you as many things may have changed such as Council Tax etc
Hope this helps
Melanie Nicholas
28 years insolvency experience - 23 of which in the Insolvency Service
- Insolvency Manager
Jones Giles
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turborat
Junior Member
289 Posts |
Posted - 25 March 2009 : 11:33:43
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Thanks Melanie,
Does this stay in effect for the duration of the bankruptcy (1 year) or for the life of the IPO (3 years)?
thanks |
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 25 March 2009 : 11:40:45
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You need to keep the OR informed of any changes in your circumstances for the duration of the IPA.
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/
21 IPA payments made, 15 to go - on the home straight! |
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turborat
Junior Member
289 Posts |
Posted - 25 March 2009 : 11:50:28
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Thanks Skippy,
That answers that one. |
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Topic |
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Quick IPA question?
