At what stage do you agree your IPA? + early discharge??

JCS1

If you can't agree to an IPA, then the OR can go to court for an IPO (Order).

However, the allowances are quite generous, certainly when compared to a DMP or IVA.

You can try and negiotate on the amount, but not the length of time.

Desperate4help

Thanks :-) I'm not going to force an IPO but I guess there's no harm in pushing for a more generous IPA - certainly not agreeing to their first request straight away?! I hadn't even thought about challenging it at all until Three Clicks put the idea in my head ;-)

d4h

alastairq

but once I went BR I'd actually have quite a bit of surplus after my 'reasonable living costs'. So I doubt very much they'd let me get away without doing an IPA?? Would be lovely if they did but then I'd be getting away 'scot free' which even I would feel a tad guilty about

HAve you submitted your SOA for our scrutiny?

[I cannot immediately find the link to enable you to do so...someone else will no doubt help there]

It is possible you wont have quite so much ''spare cash'' each month as you think?

Even if you do have the amount you say, as 'surplus to requirements'.....BR isn't a punishment for wrongdoing...you haven't done anything wrong.

If you can afford to pay 700 a month now, yet still have a decent standard of living, then , why not consider it a 'pay cut', and live within your current means? It is only 3 years from imposition..and if you find yourself in more dire circumstances, then negotiation with the OR sorts that out.....the sum paid on an IPA is negotiable, and can be varied, depending on circumstances.

The NT refers to the fact that, on BR, the HMRC income tax gets put into the BR pot as well as all other debts....hence, a BR pays no tax.....for that tax year....[subject to certain rules.]

Desperate4help

Hmm no I haven't done an SOA yet - I'll try and find the link. But I'm single, living on my own and don't have any major outgoings other than the usual stuff along the lines of:

rent £600
insurance (home) £25
insurance (car) £24
Water £25
Fuel £40
Council tax £77
Phone £20ish
Mobile £30ish

...and my take-home pay is around £2.5k. Even with food/clothing/travel allowances on top of what I've listed above, I'll still have surplus of quite a bit I reckon?

As I said, it seems crazy that I'm having to think so seriously about BR when I earn ok money - but my ex has dragged me down...defaulted on the mortgage for several months, and a secured loan on our house, and I've also got about £18k of credit card debt too (which is in my name but was largely spent on trying to keep his business going...which still failed!). Plus our house is in about £30-40k negative equity so we can't just sell and sort that bit out.

Also, one of the biggest appeals of BR is that it will remove the constant threat I've had over the past year that he will drag me down financially at any time. Even if we managed to avoid it now, he could just stop paying the mortgate again at any time and drag me into BR. If I'm going to do it I want to do it now and get it over with asap rather than two years down the line. And, as we can't sell the house due to neg equity it could be years that I'd have this hanging over me.

Is that naive or sensible I wonder?!?!

d4h

crowman19

Very sensible IMHO.

miss_spooky

Here it is

http://www.makesenseofcards.com/soacalc.html

When completed, press the MSE button to format it for here. A new window will open, copy & past into yr thread.

Desperate4help

Thanks - you do start to begin to think you're going crazy don't you?! You guys are the only people (so far) who I've told about all this so I don't have anyone else to dump all the thoughts that are whirring around in my brain about it all. I'll get there I'm sure ;-) Thanks to you all for being so helpful!

miss_spooky

Just type away, we'ver all been there - getting rid of your negitive thougts has a big impact on how you will then feel & your outlook.

Do your SAO first though....lol.x

Lost2

I got ED after 6 months :j
I went BR March this year and got ED on the 1st September:j