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CMJ
New Member
96 Posts |
 Posted - 27 July 2009 : 19:41:32
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Hi All,
Any advice would be really welcome.
Myself and hubby were made BR in Nov08 and are expecting early discharge any day now, however am checking register daily and no sign as yet.
Typical Hubby has just recieved a pay increase of around £75 per month we think, and at present we have no IPA as OR worked out our DI seperatlym, and said we couldn't afford to pay an IPA, and now so close to discharge and no IPA this pay rise takes hubby's DI to about £120.00 which I believe an IPA would be about £60.00.
My question is I know we have 21 days to tell OR , What are the consequences if we dont tell OR as with rise in cost of living etc and we are on variable rate with mortgage so that is likely to go up, so will probably in a month or two even out? Can OR find out if we don't tell him??
We are law abiding citizens and I'M again losing sleep over this??
Any help / advice apreciated
Michelle
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debtinfo
forum expert
2826 Posts |
Posted - 27 July 2009 : 22:17:31
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| You should stick to the rules. Why are you expecting ED have you had any communication from the OR, they normally ask for a new Income expenditure account before granting it |
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CMJ
New Member
96 Posts |
Posted - 28 July 2009 : 08:19:41
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We filled out early discharge forms back in May, and have been told it should be by end july by OR,
"I know we should stick to rules", and we will do so,its not that we mind payibng an IPA in a way we would feel better morally paying one, but I guess this will now hold up early discharge as we will probably have to re fill out IPOQ, and have finances reassessed, which as we all know takes time, its just typical its all happened at this late stage, as I know the reports asking creditors for any objections have already beensent, they have 35 days to raise objections afterwhich early discharge is granted.
Every bankrupt dreams of the possibility of early discharge, I will just be gutted if this process now gets delayed, as we will probably have to wait full 12 months till Nov..
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Suzanne
Average Member
United Kingdom
869 Posts |
Posted - 28 July 2009 : 09:21:56
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Hi
The rules as you know say that you should inform the OR of any change in circumstances within 21 days of them occuring. However, I don't think they would be too concerned about £75 in the grand scheme of things, as I'm sure your other bills will have risen also. I would be inclined to save them the paperwork.
Suzanne Stocker
Bankruptcy Manager
Jones Giles Ltd
www.jonesgiles.co.uk
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ripski
New Member
United Kingdom
90 Posts |
Posted - 28 July 2009 : 15:19:19
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?for Suzanne /reviva or any expert Can you or do you know of anyone paying the IPA off inorder to move forward I asked my OR case manager,who did not .I will be discharged in April 2009 and IPA ends april 2012 A frineds would give /loan me the $2500 to complete which would allow me to move forward Any ideas or should I just wait till next april and ask trustee
ripski1 |
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Suzanne
Average Member
United Kingdom
869 Posts |
Posted - 28 July 2009 : 16:27:49
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Hi ripski
I have heard of a family member paying off an IPA, but in order to do so, you would have to convince the OR that you are not incurring debt to do it. If a Trustee has been appointed it would be them you need to liase with.
Suzanne Stocker
Bankruptcy Manager
Jones Giles Ltd
www.jonesgiles.co.uk
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CMJ
New Member
96 Posts |
Posted - 28 July 2009 : 16:59:54
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Hi Suzanne
Thanks for your reply, I think I might ring OR tomorrow and see how close we are to discharge as I spoke to him around 5-6 weeks ago and he agreed we could not afford IPA and that now reports would be sent out to creditors, whom had 35 days to object, I realise that time must be up soon, although also understand they are busy at present, I got the impression that if no objections are raised from creditors then the papers go to court and on reciept are stamped and you are discharged.
I'm just very concerned that If I do inform them at this late stage it will hold the process up I think with the wage rise we will have around £120 DI.
The wage rise did become effective as of 21st July so that does give us till 12th August to tell him.
I'm just a born worrier and having gone through BR am scared if I dont tell him he will find out , having said that at this late stage I fully appreciate it means more stress for us and more paperwork for him??
Thanks Michelle |
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RHB
Senior Member
1159 Posts |
Posted - 28 July 2009 : 17:06:50
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| I would tell him, you will worry yourself sick anyway & it is unlikely it will hold anything up if it is such a small amount. |
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Help needed re; IPA
