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 bankruptcy postbag for june
 Now thinking BR - help i'm scared
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m and v
Average Member

United Kingdom
760 Posts

Posted - 09 June 2008 :  15:17:23  Show Profile  Reply with Quote
I suppose it's similar to my situation. i went into an IVA for two years with the hope of sorting my debt problems out.
I put this down in the "reasons for debt" and explained that I had wanted to solve my debt problems but been unable to do so through an IVA and wanted BR as a fresh start.
The fact that you have already taken steps to try and sort your debt problems for the last four years can only be seen in a good light by the judge and the OR.

Vicki x
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Junior Member

United Kingdom
215 Posts

Posted - 09 June 2008 :  18:19:36  Show Profile  Reply with Quote
Hi Sueann

My husband and I both petitioned our own BR. We filled the forms in online then printed off 3 copies to take to the court. It really isn't as scary as you might think. I have my telephone interview with the OR tomorrow. I have lots of questions about an IPA because up until August we would have enough disposible income but when my daughter goes to Uni I will lose about £250 from my income but will still need to support her financially.

You are definately not alone

Dee x
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m and v
Average Member

United Kingdom
760 Posts

Posted - 09 June 2008 :  18:39:32  Show Profile  Reply with Quote
Hope it goes well tomorrow Dee.
At least in BR you can get the OR to review your payments - it seems a much more realistic way to deal with any payments.
Let us know how you get on.

Vicki x
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Junior Member

United Kingdom
300 Posts

Posted - 09 June 2008 :  19:05:36  Show Profile  Reply with Quote
Good luck Dee please let us know how you get on. I have another question does everyone who has some disposable income get an IPA? I read somewhere that the IPA decision can be made on your history rather than disposable funds, just wondered how true that was.

I am now counting the days until end July when I can afford to go BR.
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m and v
Average Member

United Kingdom
760 Posts

Posted - 09 June 2008 :  19:18:16  Show Profile  Reply with Quote
I have not heard of that if I'm honest Sueann - I am sure Julian will tell you if he has.
I know an IPA is a percentage of your disposable income. Once you get under £100 disposable income the likelihood of an IPA is low.

Vicki x
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Senior Member

1191 Posts

Posted - 09 June 2008 :  22:44:26  Show Profile  Visit melanie_giles's Homepage  Reply with Quote
An IPA is generally suggested if your disposable income is more than £80. Anything less than this and it becomes not cost effective to collect.

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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