Well I had the interview on Monday and think it went pretty well. They interviewed me first and then my wife. Asked what the debt was caused for and our reply was pretty much just general living. They didn't question any of my monthly outgoings either and looks like we will keep the car. Once he had worked out that the debt had been mostly caused 1 year plus ago he said that our disposable income was £800 per month and so the IPA payments should be about £400 until my wife's SMP runs out in 3 months and then I guess they will have to reduce or cancel payments from there on.
Could things still change or should I take what the guy on the interview said as final?
How long does it take from OR interview to receiving the payment details from them? I guess they still have to do further investigation. He did say that they had already spoken to my bank.
HBOS were good as well. Spoke to them after it happened and they said that the only way they would close my account would be if we closed it ourselves. The bankruptcy would not affect it they said.
Should I carry on using the HBOS account or open another with someone like thinkbanking?
We made our first payment to moon beever yesterday. In March she will be going onto SMP so her salary will drop by £600. Does this mean that when our disposable goes down to £220 that we will have to pay £110 between us?
Another question is she will be paid a bonus from work tomorrow of £1000. I am not sure who or if to inform of this to (the trustee, RTLU or moon beever). And how much if I do inform them of it will they take from her?
I also received a bonus of about £300 for this 1/4 so the same applies to me as well.
One last question, they are talking about redundancies at her work. She will be due for a payout of around £10000. If she is made redundant after we are discharged then do we have to give the money to the OR? If she is made redundant before hand then how much do we give the OR.
Once your wife goes onto SMP contact Moon Beever and they will send you new I & E forms so that your IPA can be reassessed.
When I had a change in my income I was told to contact the agents collecting my IPA and they would notify the OR. I'm not sure how much of your wife's bonus would be taken off her as this seems to be a grey area - sorry that's not a lot of help!
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.