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How do I go about adjusting my Income Payments Agreement (IPA)??

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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.

Comments

  • philnicandamy
    philnicandamy Posts: 15,685 Forumite
    10,000 Posts Combo Breaker
    Contact your receiver dealing with the case...they can then adjust etc
    We all die. The goal isn't to live forever, the goal is to create something that will
  • mcajshaw
    mcajshaw Posts: 130 Forumite
    Thanks Phil. Do you think they will just send me out new income and expenditure sheets?
  • debtinfo
    debtinfo Posts: 7,012 Forumite
    Probably, if you get you parents to write a short letter just stating how much they want you to pay that will help to
    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.
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