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jobutler
Starting Member
United Kingdom
5 Posts |
 Posted - 30 September 2008 : 11:54:45
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| I went BR on the 14 April 08, my OR has said they are going to discharge us early. Do you know if i will still have to pay into my BR for 3 years or does that stop after i have been discharged |
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BankruptC
Senior Member
1030 Posts |
Posted - 30 September 2008 : 11:57:48
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Hi jo,
First of all, welcome to the forum and congrats on your upcoming ED! :-)
Your payments will go on for 36 months unless your circumstances change (your income decreases for example), in which case you can ask for your IPA to be reviewed.
Hope that helps!
C. x |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 30 September 2008 : 12:00:08
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Hi Jo and welcome
Your IPA that you had to pay is it just a tax code one or one based on your I&E.
Please advise. Your agreement that you signed would have an end date on it.
If you had an IPA based on I&E then it may continue for the full 3 years if you had one based on NT Code only then it will stop at the end of the financial year.
Have a look on the document for the IPA to check the date.
PS Thats good news about being discharged early.
Jo x
"There is light at the end of the tunnel, if you cant find it get a brighter torch"
For links to help with Bankruptcy, useful web pages and also a run down of my new debt free life, both before and after Bankruptcy, then please visit my blog:
http://debtfreejo.blogs.bankruptcyhelp.org.uk/ |
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jobutler
Starting Member
United Kingdom
5 Posts |
Posted - 30 September 2008 : 13:05:16
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I have a Nill Tax code code, i dont pay any thing else into my BR as had no income left to pay in. Does this mean in that case that i will stop paying on the 14 April 2009. Thank you for you help
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 30 September 2008 : 14:26:00
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Hi it looks that way then that will be that.
Good luck and i am so glad your near the end of your BR. :-)
Jo x
"There is light at the end of the tunnel, if you cant find it get a brighter torch"
For links to help with Bankruptcy, useful web pages and also a run down of my new debt free life, both before and after Bankruptcy, then please visit my blog:
http://debtfreejo.blogs.bankruptcyhelp.org.uk/ |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 30 September 2008 : 14:27:36
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Infact it should be last payment about 31st of March the end of the financial year. Ish
Jo x
"There is light at the end of the tunnel, if you cant find it get a brighter torch"
For links to help with Bankruptcy, useful web pages and also a run down of my new debt free life, both before and after Bankruptcy, then please visit my blog:
http://debtfreejo.blogs.bankruptcyhelp.org.uk/ |
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do payment stop after discharge ?
