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T O P I C R E V I E W
CMJ
Posted - 03 June 2009 : 20:23:25 Hi ,
We are currently buying back the BI in our property, and have been given an IPA for 36 months. We are hoping for early discharge, if not automatic in Nov. If house prices increase next year[ heres hoping] can we sell our house and pocket profit, or as in an IPA do we have to offer any monies to OR??
Thanks Michelle
2 L A T E S T R E P L I E S (Newest First)
CMJ
Posted - 04 June 2009 : 17:03:04 Thanks Suzanne, Once in an IPA do you know the percentage the rtlu would take of work related bonuses ? Thanks again Michelle
Suzanne
Posted - 04 June 2009 : 09:04:06 Hi Michelle
Once you have bought out the beneficial interest in your property it no longer forms any part of the bankrutpcy estate. So if this does happen, happy days, the money is yours to keep.
