SOAs, IPA s and the OR's attitude

startagain_2

Yes - it sounds reasonable to me. I made sure that I adjusted my income (amounts paid for overtime) so that I didn't incur an IPA. It seemed like too much hassle and of course another 3 years of budgetting.
If I do work over the amount that I have agreed with the OR I take it as time in lieu rather than wages. Some might see it as avoiding paying my creditors but it is overtime and not my basic salary which doesn't even meet my outgoings.
If you have only been employed for a short while I think you can get away with it. It is if you have received regular payslips and then they drop all of a sudden just before BR that may arouse a bit of suspicion.
SA

Sunny_Bear

HEADACHE, dont forget that while you are BR you have to inform the OR of any changes to your income within 21 days of getting it, I really think your advice is bad advice, sorry.

philnicandamy

HEADACHE wrote: »

If you're self-employed its easier not to sign up for an IPA or IPO.To do this,work less for 3 months,earn only enough for basic bills and show no surplus.There wont be a court in the land who'll back the OR to sign you up for an IPA/IPO.
Try and avoid an IPA/IPO as you wont have any spare money for 2 to 3 years.

for what its worth I totally agree with SB EVEN if you were mad enough to try that you still have to abide by the T&C's of your bankruptcy ANY change in financial circumstances the OR MUST be informed within 21 days.....you signed away the right the day you went BR

LilyBart

I can completely understand the desire to avoid an IPA. (I know I won't feel my bankruptcy is over until my last IPA payment!) However, you should also bear in mind that the OR takes a proportion of your surplus income, not the whole whack. If the difference you're talking about is £99 surplus (ie no IPA) versus £110 surplus (ie IPA of £55), then it's well worth your asking a sympathetic employed to adjust accordingly. But if it's a surplus of £200, you'll still be £100 better off after you've paid the IPA.

philnicandamy

and it certainly works out a damn sight cheaper than trying to pay all your creditors back before you went BR

oh and remember....thank you costs NOTHING