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 bankruptcy postbag for july
 IPA changed start date.
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WINCHESTER78
Junior Member



248 Posts

Posted - 30 June 2008 :  20:00:22  Show Profile  Reply with Quote
Hi all.
I went BR on the 4th June/ OR interview 13th June.
Signed an IPA agreement at the OR interview on the form it says 1st Payment due on or around 1st August.
Since reading through I queried the IPA , spoke to the OR and he agreed that the amounts can be reduced!So he drew up a new form and I signed.
On the new form it states 1st Payment is now due 1st September....is this new date correct?...why does it take so long (better for me!)from signing for the IPA for it to kick in?
What is the process timescales when setting up an IPA?

m and v
Average Member



United Kingdom
760 Posts

Posted - 30 June 2008 :  20:07:03  Show Profile  Reply with Quote
Hi winchester78 - I think you pay the IPA for 3 years from the first payment so I suppose it doesn't matter to the OR whether its August or September. Nice to get it reduced!

Vicki x
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melanie_giles
Senior Member



1191 Posts

Posted - 30 June 2008 :  21:06:44  Show Profile  Visit melanie_giles's Homepage  Reply with Quote
I wouldn't complain about it - you have delayed the start of the repayments after all!

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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Skippy
forum expert



United Kingdom
3290 Posts

Posted - 01 July 2008 :  09:40:23  Show Profile  Reply with Quote
I went BR at the end of March 2007 and made my first payment on 30th June 2007 - from what other people have said 3 months seems the normal length of time before the first payment.

Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.

View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/
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JulianDonnelly
Junior Member



United Kingdom
325 Posts

Posted - 02 July 2008 :  11:48:15  Show Profile  Visit JulianDonnelly's Homepage  Reply with Quote
The timeframes to set up IPA's do vary from office to office, but great news in getting the amount reduced!

Regards

Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
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