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Automatic discharge 20th October.. No SAO

Worcsman
Worcsman Posts: 345 Forumite
Part of the Furniture
edited 18 October 2010 at 6:50PM in Bankruptcy & living with it
Hope someone can shed light on this one.. I havent been asked for a nw SOA about income etc, I have been unemployed since my BR last year. So if I dont recieve a request for a new SOA by the 20th of October, can I assume that I can start earning again without having to worry about paying back the vultures? Thanks in advance... (sorry for the typo in the subject line :@) I didnt mean to say SAO.. But you get the drift)
Bankruptcy and Supporters club... Member 340. :D

I R Worcsman

Comments

  • JCS1
    JCS1 Posts: 5,338 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    If there is no IPA in place when you are discharged, then the OR cannot impose one after.

    But if you did have an IPA, the money would go to your OR first, rather than "vultures".
  • Worcsman
    Worcsman Posts: 345 Forumite
    Part of the Furniture
    JCS1 wrote: »
    If there is no IPA in place when you are discharged, then the OR cannot impose one after.

    But if you did have an IPA, the money would go to your OR first, rather than "vultures".

    Thanks for the info, there is no IPA. I may be close to taking the next right turn on the road to recovery :)
    Bankruptcy and Supporters club... Member 340. :D

    I R Worcsman
  • Worcsman
    Worcsman Posts: 345 Forumite
    Part of the Furniture
    JCS1 wrote: »
    If there is no IPA in place when you are discharged, then the OR cannot impose one after.

    But if you did have an IPA, the money would go to your OR first, rather than "vultures".

    I am away on holiday now, I get auto discharge on Wednesday 20th, Im curious as to what I should do if when I get home a letter with a new SOA request has arrived and is waiting for me when I get back on Sunday or what I should do if I get one arrive after the date of 20th of October? How about if I started work on the 21st of Ocotber then got an SOA request?
    Bankruptcy and Supporters club... Member 340. :D

    I R Worcsman
  • JCS1
    JCS1 Posts: 5,338 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    If your circumstances have unchanged, and you get AD in a matter of days, then there is no time to set up an IPA. You would have to complete new SOA and return, examiner would have to calculate IPA amount and send to a form to you for signature, you then sign, return & have a 14 (I think) day cooling off period..............
  • Worcsman
    Worcsman Posts: 345 Forumite
    Part of the Furniture
    JCS1 wrote: »
    If your circumstances have unchanged, and you get AD in a matter of days, then there is no time to set up an IPA. You would have to complete new SOA and return, examiner would have to calculate IPA amount and send to a form to you for signature, you then sign, return & have a 14 (I think) day cooling off period..............

    Thanks for the info, I appreciate it.
    Bankruptcy and Supporters club... Member 340. :D

    I R Worcsman
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