Wow how the time flies

GeorgeZip

Well it's been 5 months and almost 2 weeks since the judge signed on the dotted line and what do I find this through the door when I get home? Yup a notice saying I was discharged last week!!! 5 Months and 1 week to the day....

A question if I may??

So I'm paying an IPA of £520 a month, having spoken several times with the lovely lady at the RTLU several times shes been really helpful and explained that as long as they get 36 payments (adjustable depending on income) they dont mind what I earn as far as bonuses and stuff. She also said that once discharged anything extra I get (other than salary) like bonuses and shares are mine and I dont have to tell them. Is this right?

Cheers Guys.

JCS1

GeorgeZip wrote: »

Well it's been 5 months and almost 2 weeks since the judge signed on the dotted line and what do I find this through the door when I get home? Yup a notice saying I was discharged last week!!! 5 Months and 1 week to the day....

A question if I may??

So I'm paying an IPA of £520 a month, having spoken several times with the lovely lady at the RTLU several times shes been really helpful and explained that as long as they get 36 payments (adjustable depending on income) they dont mind what I earn as far as bonuses and stuff. She also said that once discharged anything extra I get (other than salary) like bonuses and shares are mine and I dont have to tell them. Is this right?

Cheers Guys.

Check the wording of your IPA agreement - there are 2 versions, one that says you have to let them know if income increase for the 36 months.

dalip

yes mine said until discharged;)

fiveyearplan

Congratulations George!

Holes_in_my_pocket

5 months and 2 weeks great news

ccvictim

how can you still owe someone if you went br?

gettingbetter

congrat on your ED george

kas xx

dalip

ccvictim wrote: »

how can you still owe someone if you went br?

If you have any surplus income after all household allowances,then the OR takes a % per month for 36 months. This goes towards a) the OR's fees and b) your creditors,in that order of preference. Dx

ccvictim

dalip wrote: »

If you have any surplus income after all household allowances,then the OR takes a % per month for 36 months. This goes towards a) the OR's fees and b) your creditors,in that order of preference. Dx

i forgot about that.
but surely most will try to have zero surplus then after discharge wayhey ???

dalip

Yes that is the general trend.

Allowances are generally set(all OR's are different)for an individual's circumstances and worked accordingly.So it not a forgone conclusion that everybody will get an IPA,neither is it definate that someone who appears to have no surpls will not get a IPA.Dx

Lost2

Congratulations George :j