HOME  FORUM  MEDIA  EVENTS  ARTICLES  TV  BLOGS
•Home
Bankruptcy:
•Bankruptcy Information Center
•What is Bankruptcy?
•Is Bankruptcy right for me?

•How to declare Bankruptcy?
•What happens to my assets?
•Bankruptcy and credit rating

Forum:
•forum
•register
•search
•faq
•experts

Blogs:
•Bankruptcy News
•More...

Media Room:
•Press releases
•Media Coverage

Other:
•About BankruptcyHelp
•Links
•Contact us
•Debt Glossary
•Insolvency jobs


FORUM
  > Browse and post on our forum
Home   |   Profile   |   Register   |   Active Topics   |   Members   |   Search   |   FAQ

Welcome to our Forum, please register if you want to post
Ask a debt question
See the last 250 posts
Watch video on how to use forum
Username:
Password:

Save Password
Forgot your Password?

 All Forums
 archive
 Forum Questions
 What decides if you have to have an IPA order,
 New Topic  Reply to Topic
 Printer Friendly
Author Previous Topic Topic Next Topic  

john1002
Starting Member

United Kingdom
2 Posts

Posted - 15 April 2009 :  22:51:58  Show Profile  Reply with Quote
What decides if you have to have an IPA order, and what income is taken into account, when we go bankrupt we will hav no income bar benefits including carers allowance, Disibility living (for our disabled son) and child benefit and child tax credit will any of these be taken into account for an IPA

Thanks

John

s4pps
Junior Member



252 Posts

Posted - 16 April 2009 :  08:35:10  Show Profile  Reply with Quote
Hi John, Welcome to the forum :) DLA and CB are not included, Child Tax Credit is, and I'm not sure about the Carers Allowance. Simply the OR will look at your Income and Expenditure, possibly not allow everything you list, and work out the difference. Then a sliding scale applies as to how much surplus funds you have and how much you can contribute to an IPA.

I think that's it, but if I'm wrong I'm sure a forum professional will be along and give you the right advice :)

Good luck xx

Suzanne x

Go to Top of Page

chester2005
Average Member



United Kingdom
786 Posts

Posted - 16 April 2009 :  08:56:04  Show Profile  Reply with Quote
if your only income is benefits then the OR can only ask for a voluntary IPA which is of course up to you if accept


Dave

Don't worry or know that worrying is as effective as trying to solve an algebra equation by chewing bubble gum.(Baz Lurman)
Life's too short!!!
Go to Top of Page

john1002
Starting Member

United Kingdom
2 Posts

Posted - 16 April 2009 :  13:36:44  Show Profile  Reply with Quote
Thanks suzanne for the welcome, very appreciated expecially as we are stressed to high heaven. Dave also thank you for confirming what we will be asked off, is there any negative to not agreeing a volentary IPA?

john
Go to Top of Page
  Previous Topic Topic Next Topic  

 New Topic  Reply to Topic
 Printer Friendly
Jump To:
bankruptcyhelp.org.uk Forum © bankruptcyhelp Go To Top Of Page
Powered By: Snitz Forums 2000 Version 3.4.06