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T O P I C R E V I E W
xmas baby
Posted - 22 July 2010 : 17:05:20 Afternoon all,
Am I right in thinking that once you are discharged from bankruptcy, any lottery winnings, etc are yours to keep. Does this also apply if you are paying into any IPA?
Thanks
xmas baby
3 L A T E S T R E P L I E S (Newest First)
xmas baby
Posted - 23 July 2010 : 10:08:22 Yes debtinfo.... but only 1.7m.
Only kiddin, I wish. I think the most I have ever one is around £7. Never give up hope though, you never know when you might be lucky.
xmas baby
Richard P
Posted - 22 July 2010 : 17:32:33 So Xmas baby are you saying that ur numbers came in last week !
If so can we all come to the party
Richard
debtinfo
Posted - 22 July 2010 : 17:25:40 Yes with a but
An IPA only applies to Income, not receiving an asset. So if you won £1,000,000 that is yours to keep. If you then invested that and earned an income each month of it then that could be used in the calculation for an IPA
