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jonnym
Starting Member
19 Posts |
 Posted - 16 April 2009 : 20:53:11
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Does anybody have any idea about how college fees are viewed by the OR/Trustee. My wife is planning to retraining, and we both recently went bankrupt and will not be discharged prior to her commencing her course. Are they likely to view her fees as a non allowable expense. And how will they view her student loans and maintenance grants. Any advice appreciated. Jonny
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qwerty
Starting Member
United Kingdom
8 Posts |
Posted - 16 April 2009 : 22:36:54
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Hi Jonny,
I'm new on here but I'm in the same position as your wife.
I'm going bankrupt in a few weeks and hope to start a degree in September (i.e. well before my discharge date).
The advice I've had on another forum about this is that the OR/Trustee will want to revisit your budget/expenditure sheet again, and if the loans and grants put you in a financially more favourable position he/she may see fit to increase your IPA.
I doubt that they'd view it as a non-allowable expense, but perhaps the advice of a forum expert may differ on that one. |
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jonnym
Starting Member
19 Posts |
Posted - 17 April 2009 : 21:37:08
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Hi Gwerty,
I asked this question directly to one of my OR's team today. The advice she gave was that the grants/loans are unlikely to raise our income to a level where they would want to put in place an IPA.
Not sure how unusual our position is, but I registered as unemployed a couple of days prior to bankruptcy (had a failing business) and my wife is my dependant along with the kids. So neither of us have an IPA in place. The gist of what she said was that if our income rose to where an IPA was put in place then college cost would probably not be an allowable expense, but that student loans/grant would probably not be considered as income. Somewhat vague, but she was honest and very approachable.
Good luck,
Jonny
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qwerty
Starting Member
United Kingdom
8 Posts |
Posted - 17 April 2009 : 22:48:40
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Hi Jonny,
Thanks for the clarification ...
I'm going bankrupt next week but hope to start a full-time degree in September. I'll also be applying for the tuition fee loan, maintenance loan and grant. I won't have any other income and, as a student, won't qualify for housing benefit or jobseekers allowance, so hopefully the OR/Trustee won't have an issue with it.
I'll follow your example and ask the OR about this as it applies to my situation ... nothing seems to be straight forward with this bankruptcy thing
Good luck to you and your wife, hope she enjoys her studies.
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