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T O P I C R E V I E W
brokebutstillalive
Posted - 18 January 2009 : 16:04:58 initially but then later your circs change. Can the OR make you pay into one at any time in the 3 years? I don't think that I will get one initially as am currently on long term statutory sick pay and do not expect to go back to my current job, will probably be on benefits afterwards. Hopefully after bankruptcy, my medical probs (stress/anxiety) will get better and I will become a fully functioning member of society and get another job!! So can they make me pay something later?
4 L A T E S T R E P L I E S (Newest First)
movin on
Posted - 19 January 2009 : 12:23:32 It is in your past now, you can concentrate on the important things in life. It will be over in no time - and heres to an ED
Jenny xx
Onwards and Upwards is the way im going :-0)
From "Moneyworries" to "Movin On" in 3 months is fantastic :-))
xx
brokebutstillalive
Posted - 19 January 2009 : 10:43:40 Thanks Guys. I am hoping for an early discharge - although I know that's not guaranteed!! I have not used any credit whatsoever in over a year and my debts are mostly from 3/4 years ago. Know that I can never pay them back although I still can't quite believe this has happened to me and I need to move on now!!
Integrity
Posted - 19 January 2009 : 00:03:03 I agree with Stu. If the OR does not make an IPA/IPO in the time that you are in bankruptcy he/she will not make IPA/IPO when you are discharged.
If you get more disposable income and when you inform the OR and you have more than £99 spare you may run the risk of an IPA/IPO.
If your circumstances remain the same or worsen then an IPA/IPO is unlikely.
Further, if an IPA/IPO is made and your circumstances worsen an IPA/IPO can stop after the OR has been informed.
The reverse is also true. If your disposibile income goes up your IPA/IPO can go up.
sjbyron
Posted - 18 January 2009 : 16:15:50 Hi As far as I understand it, as im in the same boat as you, the OR has a year to decide to implement an IPA/O otherwise you are then discharged as bankrupt, unless you dont comply or there is fraud in your case.
There is opportunity for quick discharge ie in 4 or 6 months from the bankruptcy.
If your circumstances change in the next year or before you are discharged then yes he could implement one.
