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if my situation improves.. what exactly do they mean?

4 days from AD, I have finally heard back about my IPA, it has been put on hold.... well all the letter said was to contact them if my situation improves before april 2013.

So am I under the same restrictions as when BR?

Do they notified of ANY extra earning and/or bonuses even if a one off?

Or just if I get a payrise or my rent drops dramatically or I win the lotto jackpot?

Comments

  • debtinfo
    debtinfo Posts: 7,012 Forumite
    Any thing that changes your disposable income needs to be declared
    Hi, 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.
  • curly04
    curly04 Posts: 7,247 Forumite
    yeah mine has been put on hold but because i signed the forms stating I would tell them for 36 months of any changes I still have to advise them
    Total Weight Loss - 28lb and counting
    AD 17/11/2010
  • Is this right? An IPA can still be put in place even after DC? Don't understand?
  • Darnit_2
    Darnit_2 Posts: 359 Forumite
    No an IPA can't be imposed after discharge, but I think if there is some money available at the start and you sign it before discharge, then earnings drop, so it is suspended but still ticks over for 36 months. I think the key is, if you dont think you will have enough for the IPA, dont sign it, and if your earnings are likely to drop, don't sign it.
    :D
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