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More Money after AD
script
Posts: 718 Forumite
After your discharge from BR you gain an “asset” – which you cash in meaning lots more money in the bank.
And you have an IPA for the remainder of the 3 years.
In essence your living costs have “changed” because of your new found wealth.
Will you need to alter your IPA because there is now “technically” a higher surplus?
And you have an IPA for the remainder of the 3 years.
In essence your living costs have “changed” because of your new found wealth.
Will you need to alter your IPA because there is now “technically” a higher surplus?
0
Comments
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Yup! you do as it is an asset.BSCno.87The only stupid question is an unasked oneLoving life as a Kernow Hippy0
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The OR can not take a lump sum, but if you use the money to make an income i.e by investing it then the increased income will affect your IPAHi, im Debtinfo, i am an ex insolvency examiner and over the years have personally dealt with thousands of bankruptcy cases.
Please note that any views i put forth are not those of my former employer The Insolvency Service and do not constitute professional advice, you should always seek professional advice before entering insolvency proceedings.0 -
Thanks Tiger and Debt,
It's important to know what you should do.0
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