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Shylock
Junior Member
199 Posts |
 Posted - 07 May 2008 : 22:15:25
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I had my OR interview last week and she was very nice, she said that as I had some extra income I would have to pay £200 a month on an IPA which I am happy with.
I currently have a compensation claim ongoing at court and possibly will get around £4000 from it, if I do and I get it during my BR does the OR take it all just a percentage and also if I get it after the BR ends but still during my IPA do they still take some of it.
I dont mind if they do after all I do owe people money so it would only be fair I just wanted to clarify it.
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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Reviva UK
Advanced Member
United Kingdom
2452 Posts |
Posted - 07 May 2008 : 23:16:30
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Hi there
what is the compensation for as this has a bearing on your ability to retain some or all of the funds
Paul Johns
Assisted Bankruptcy Specialists
Reviva UK
www.revivauk.com |
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Shylock
Junior Member
199 Posts |
Posted - 08 May 2008 : 05:56:26
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It is for injuries I sustained in a car accidentwhiplash etc
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_giles
Senior Member
1191 Posts |
Posted - 08 May 2008 : 21:56:51
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Personal injury claims are exempt from bankruptcy proceedings, so you ought to be able to keep the money.
For an informal chat about any financial difficulties, or advice as to the options available, I can be contacted via my website - www.melaniegiles.com |
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SimonAtkins
Junior Member
United Kingdom
177 Posts |
Posted - 09 May 2008 : 17:56:59
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Dear Shylock
It depends on what the claim is made up of. The compensation for physical injury is personal to you, and that is excluded from a claim by the official receiver. But if a chunck of the claim is for loss of income or profits (if you were a trader) then this element is potentially up for grabs.
Regards
Simon Atkins
Licensed Insolvency Practitioner |
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Topic |
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IPA
