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mark.64
Starting Member
18 Posts |
 Posted - 14 May 2010 : 13:45:16
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| Hi All, My Wife and I will be discharged from bankruptcy on the 8th of June, My wife had an ipa for nil tax code which ended April 1st, ( new tax year ) I have been unemployed through out the bankruptcy with no ipa, We have both received letters from the official receiver saying that he has applied to be released as trustee, My question is I have received a letter today for a job interview which is good news at last especially if im successful, The only thing that is worrying us is that it is so close to the end of the bankruptcy with no ipa, this could alter now and could end up no better off with an ipa for 3 yrs, Is it likely that since the trustee has been asked to be released that we would receive an i & e form within the next 3 weeks ? dont know what to do for the best |
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Housing
Senior Member
United Kingdom
1399 Posts |
Posted - 14 May 2010 : 14:00:36
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Hi
First of all, good luck with the interview.
If you are successful, (whic I hope that you are), then you will not be starting before your discharge. If that is the case and you start your job after discharge, no IPA.
I hope that is the outcome, Richard
"There are no problems - only solutions" |
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Richard P
Senior Member
United Kingdom
1701 Posts |
Posted - 14 May 2010 : 17:03:25
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Hi Mark
I agree with Housing, your starting date needs to be thought about
If you have to start your job within your bankruptcy, you should notify the OR before the end of one month of first income that you have increased your income,
Mark , even if you do receive an IPA it is not the end of the world, you will be allowed certain allowances and a small amount as Disposable income then the OR will claim a % of the extra money and not the full amount.
I do hope that the result is a double positive good job and No IPA
regards Richard
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mark.64
Starting Member
18 Posts |
Posted - 14 May 2010 : 19:48:07
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Hi Both, Thank-you for your replies, will consider my start date if successful, One more question, If I am sucessfull and the job required immediate start say 24th May I am required to notify the receiver with 21 days of my income change, This will then take me over my discharge date, I have read on the goverment insolvency site that any ipa must be entered into and signed by the bankrupt/ receiver prior to the discharge date to be valid, A bit of a sticky one I agree, Just trying to cover every aspect
Regards-Mark
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Richard P
Senior Member
United Kingdom
1701 Posts |
Posted - 14 May 2010 : 22:07:38
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Hi mark
prob best to avoid the argument with them, because their counter argument will be that they did not have the full facts at the time.
Go get the job and then negotiate on the start time
regards Richard |
Edited by - Richard P on 14 May 2010 22:59:51 |
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mark.64
Starting Member
18 Posts |
Posted - 19 May 2010 : 12:15:41
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They just moved my interview date to next wed now which brings be move closer to the 8th of June and automatic discharge, fingers crossed 
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Housing
Senior Member
United Kingdom
1399 Posts |
Posted - 19 May 2010 : 12:31:49
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I am sure everything will hang together well!!
I was discharged today - a good feeling, I can say!
Richard
quote:
Originally posted by mark.64
They just moved my interview date to next wed now which brings be move closer to the 8th of June and automatic discharge, fingers crossed
"There are no problems - only solutions" |
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chester2005
Average Member
United Kingdom
786 Posts |
Posted - 19 May 2010 : 13:32:11
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Congratulations Richard Housing on your discharge it feels good doesn't it ;o)
Dave
Don't worry or know that worrying is as effective as trying to solve an algebra equation by chewing bubble gum.(Baz Lurhman)
RevivaUK and Paul Johns helped me through it all i can't recommend them enough!! |
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Housing
Senior Member
United Kingdom
1399 Posts |
Posted - 19 May 2010 : 14:17:06
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Hi Dave,
Thank you so much.
Yes, it does - starting to grin properly again!!
best regards to you and yours, Richard
quote:
Originally posted by chester2005
Congratulations Richard Housing on your discharge it feels good doesn't it ;o)
Dave
Don't worry or know that worrying is as effective as trying to solve an algebra equation by chewing bubble gum.(Baz Lurhman)
RevivaUK and Paul Johns helped me through it all i can't recommend them enough!!
"There are no problems - only solutions" |
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I have received a letter today for a job interview
