The Bankruptcy Club & Supporters Club

monkeyy

Sorry just one more question, does the ipa continue when you are discharged?or does it continue upto a certian period

sarah_skint

does the ipa continue when you are discharged

:rotfl: i think you mean an iva, i think an ipa would be lucky to last half an hour!! I'm sure you pay an iva for 3 years please correct me if i am wrong someone
Sarah

scootw1

sarah_skint wrote:

:rotfl: i think you mean an iva, i think an ipa would be lucky to last half an hour!! I'm sure you pay an iva for 3 years please correct me if i am wrong someone
Sarah

Yes it is called an IPA and it does last 3 years

monkeyy

sarah_skint wrote:

:rotfl: i think you mean an iva, i think an ipa would be lucky to last half an hour!! I'm sure you pay an iva for 3 years please correct me if i am wrong someone
Sarah

I thought it was income payment agreement Im new to this but am looking through the site and slowly learning!

Mike_St_Helens

It is an IPA (Income payment arrangement) lasts for 3 years. The IVA is a different process and nothing to do with Bankruptcy.

Scoot - Youll be fone mate, start saving... Youll need the cash !. You will be fine.

scootw1

Thinking of saving this months and filing on next payday.

gettingitsorted

Scoot

im am the worst worrier in the world and iv done it and come through it all un harmed so far .

i emptied all my accounts of money the week b4 i went to court .

Mike_St_Helens

scootw1 wrote:

Thinking of saving this months and filing on next payday.

Only if you are sure you can afford it and you are ready. Make sure there are plenty of appointments at court as they are very busy. Also think about Xmas you know... If you think you could wait till after Xmas and have that extra bit of money for yourself..... The OR wont even bat an eyelid you know. And if they do.. tell them !:p

scootw1

gettingitsorted wrote:

Scoot

im am the worst worrier in the world and iv done it and come through it all un harmed so far .

i emptied all my accounts of money the week b4 i went to court .

I am just worried that the OR will complain about me taking the money out and that the creditors will start phoning again and telling me that I should have filed by now thats all

scootw1

Mike_St_Helens wrote:

Only if you are sure you can afford it and you are ready. Make sure there are plenty of appointments at court as they are very busy. Also think about Xmas you know... If you think you could wait till after Xmas and have that extra bit of money for yourself..... The OR wont even bat an eyelid you know. And if they do.. tell them !:p

The courts told me I could probably see the judge the day after I give the papers in