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OR or Moon Beever?
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Posts: 718 Forumite
If you have an income IPA and your finances change.
Do you tell Moon Beever or the OR?
Do you tell Moon Beever or the OR?
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Comments
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Although many people do contact the OR and mos of the time the OR is fine about it, it is in moonbeever's contract that they will be the first port of call in handling all changes to the 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 Debt,
Do Moon Beever have the authority to "adjust" IPA's.
Or do they refer back to the OR/RTLU?0 -
They do have that power, of course you will always have an option to appeal to the OR and then a judge as it is an agreementHi, 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 -
You never stop learning what happens in B/R...
Again thanks debt.0 -
Yep there are a million rules, and a million exceptions to each ruleHi, 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 -
Lol - I'm beginning to realise that...
On a technical point - if you had an IPO - you would have to go back to court to get it adjusted wouldn't you?0 -
yes you would, only the judge can change an IPOHi, 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 -
Now just to get a bit more technical...
You have an IPA - your income changes - downwards - and you want your IPA reduced.
Moon Beever refuses
The OR/ RTLU refuse
But lo and behold the Judge says yes - it can be lowered.
Does the IPA become an IPO?
And...if if all this happens - would you have to go back to court if it needed to be adjusted again?0 -
Yes and yesHi, 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 -
Again thanks Debt.0
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