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How do I go about adjusting my Income Payments Agreement (IPA)??
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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.
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Comments
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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
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Thanks Phil. Do you think they will just send me out new income and expenditure sheets?0
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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
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