To put ipa or ipo in place

milothewestie

how long does it take the o/r,s office to put an ipa or ipo in place,how do they work do they send you a questionaire about income and how long do you get to respond,and what is the difference between the two

thx in advance

debtinfo

Ok, they can be done at any time during a bankruptcy, but generally the OR will assess you twice, once at your interview and once just before discharge.

During your interview they will look at your SOA and discuss with you what they think should be included and what shouldn't and what is a reasonable level for each expense, they may ask you to provide evidence of your income or expenditure.

If a case goes for ED then they will check again by sending the form IPOQ (unless you are incapable of earning an income) shortly before early discharge, Normally you have 14 days to send it back

They will also send a new form IPOQ any time a signficant change happens to your income/expenditure

An IPA is an agreement between you and the OR

If an agreement cannot be reached the OR can go to court and ask for an IPO to be put in place which is an order of the court

fermi

You've got less than a month to go to AD I think? Is that right?

milothewestie wrote: »

JCS1 wrote: »

How close to AD are you?

IPA paperwork would be sent to you to sign, then returned to OR, then there's a 14 day cooling of period.

about 28 days just been transferred to rtlu

If so, and the OR hasn't sent you an IPOQ, then the likelihood of an IPA or IPO happening is slim to non-existent.

For an IPA it's probably too late to get a voluntary agreement (if time scales were adhered to). While an IPO is technically possible on an application to the court made before your AD date, that is even more unlikely.

If you have heard nothing about an IPA/O and have less than a month to go, then I would just chill and let things roll towards AD.

milothewestie

thanks fermi your really very helpfull! god bless:T