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Parents paying IPA in one go

Jono987
Jono987 Posts: 185 Forumite
Seventh Anniversary 100 Posts
in Bankruptcy & living with it
Hi everyone, after some advice on another forum, i contacted the OR and asked them if my parents could use some of their savings to pay off my IPA early.

I was pleasantly surprised to find out they can. Once i am discharged in December, if my parents pay my IPA (which has only been running 8 months), my obligations towards the official receiver will be finished.

Has anyone else done similar?

Thanks!

Comments

  • tigerfeet2006
    tigerfeet2006 Posts: 14,030 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    I can probably count on one hand the number that I've seen on this board but there has been a few. Fantastic if you can do that.
    BSCno.87
    The only stupid question is an unasked one
    Loving life as a Kernow Hippy
  • Jono987
    Jono987 Posts: 185 Forumite
    Seventh Anniversary 100 Posts
    I have asked them to confirm that all ties to OR will be finished and i can go about my life and apply for a higher paid position / 2nd job to bring some more money into the household. They said that this is fine. I wanted this confirming as i dont want my parents to pay it off for me and then i get stuck with increases for the next 2 years anyway.

    I also have never heard of this happening, have things changed or do i have a really understanding OR?
  • philnicandevan
    philnicandevan Posts: 667 Forumite
    Tenth Anniversary 500 Posts Name Dropper Photogenic
    Tigerfeet is correct..its rare but can happen sometimes...although since I declared back in 2006 i've only ever seen what you describe happen twice in all
    Not quite a newbie as you think ;);) (the member formally known as philnicandamy!)

    FINALLY a qualified CAB debt caseworker 2015..:p
    BSC 58 :D
  • Jono987
    Jono987 Posts: 185 Forumite
    Seventh Anniversary 100 Posts
    Thanks. I have it on an email that i can look to further my income after im discharged and the IPA is settled.

    Hopefully this will be ok and i dont find them coming for it all in a couple of years time :( lol
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