We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
How do I go about adjusting my Income Payments Agreement (IPA)??
Options

mcajshaw
Posts: 130 Forumite
Hi everyone,
I was declared bankrupt on Wednesday, 2nd June 2010. I obviously filled out all the budget sheets for the OR to work out my (IPA). I had moved back home because of my bad financial state and for the few months around my bankruptcy I have been living at home for next to nothing as a temporary arrangement, whilst everything was up in the air. Because my expenditure was so low, my IPA is a large figure per month.
I have decided to stay with my parents for a while longer, but they now want me to pay my fair share of the household expenses. I need this to be reflected in my (IPA) and wanted to find out how I go about getting it adjusted to reflect my new lower disposable income?
Thanks in advance,
Jon.
I was declared bankrupt on Wednesday, 2nd June 2010. I obviously filled out all the budget sheets for the OR to work out my (IPA). I had moved back home because of my bad financial state and for the few months around my bankruptcy I have been living at home for next to nothing as a temporary arrangement, whilst everything was up in the air. Because my expenditure was so low, my IPA is a large figure per month.
I have decided to stay with my parents for a while longer, but they now want me to pay my fair share of the household expenses. I need this to be reflected in my (IPA) and wanted to find out how I go about getting it adjusted to reflect my new lower disposable income?
Thanks in advance,
Jon.
0
Comments
-
Contact your receiver dealing with the case...they can then adjust etcWe all die. The goal isn't to live forever, the goal is to create something that will0
-
Thanks Phil. Do you think they will just send me out new income and expenditure sheets?0
-
Probably, if you get you parents to write a short letter just stating how much they want you to pay that will help toHi, 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
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 598.9K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards