Urgent news on IPA's - Changes for BRs after 01/12/2010

davidgmmafan

BB&B wrote: »

When an IPA is calculated it is based on regular income, if you did overtime that was not guaranteed longer term, or regular in nature the OR would not touch it.

So it is very possible to earn more on an irregular basis, and in your case as the overtime is not long term the OR would let you keep it, and probably would not even be interested in you declaring it.

Tim

Oh well that's good to know. The overtime is basically right we're getting smashed, here's some extra money for people who want to come in and be abused (joking).

There is overtime fairly often but its first come first served so looks like I may get to keep an extra. That just leaves the paradox that, in BR, I'll potentially be better off doing that than getting onto the next pay grade. Oh well can't win em all.

ani_26

Good evening all.

Well it looks like bad news, i'm afraid.

I have been to my insolvency office, and this information comes directly fro the horses mouth, so to speak. Well, at least the officer who sent me the IPOQ form. I have spoken to them directly.

Everyone should receive an IPOQ form, usually 4 or 5 months into their bankruptcy, as an account of income and expenditure.

Now, everyone will automatically receive one before Early Discharge. EVERYONE will receive the IPOQ form before Automatic Discharge, to reassess if your circumstances have changed, since going bankrupt. Thats EVERYONE, due to the rule change on the 1st December.


Fortunately for me, they said not to worry about the 7 day period, for returning the form. I asked them to record the fact i'd been into the office. Also fortunately for me, as i've been on benefits for some time, they will assess me on this information, so long as i have proof, which of course i have. They don't seem to be too harsh about my situation, so long as i can explain it.

Hope this information helps. Don't shoot the messenger. I'm only saying what i've been told by one officer from the insolvency service.

Nohope

CHEZ1

hi forgive me i understand the new rules but please can someone clarify so if i had a change in circumstances would i be re assessed under the new rules? my ipa was before the 1st december ive been paying 3 months now and have had a small increase by 15.oo a month rang or they werent interested but if i have to fill in a new form as you have mentioned will i then be reassessed under new rules as i was under the impression that a re assessment would be under the old rules due to set up before the changes please help thank you

fermi

If there isn't any backtrack on this decision:

"Existing IPA/lPOs will continue under the present arrangements as will any subsequent variances throughout the lifetime of all existing agreements/orders."

then yes, you will still be assessed according to the old criteria.

BB&B

@nohope

At least you have got an answer, but I am a little concerned with them saying this is a change since 1/12/10, it has always been the case, but a lot of examiners didn't bother with certain groups of people (as explained HERE ).

As you are /were self employed then you most certainly should have had one to do prior to discharge, which is why I said this was an whoopsie on the offices part!!!.

But at least now you can have a peaceful chrimbo and a worry free new year!!

Tim

ani_26

Oh crumbs, i don't want to start panic.

I have'nt had an IPA in place in the first place. Just explaining why the IPOQ form appeared.


Nohope

out_of_cash

hope there is a huge housing crash for the vultures.lol.

teach em to b so greeeeeeeeeeeeeeeeedy!

WLITC

Nohope wrote: »

Everyone should receive an IPOQ form, usually 4 or 5 months into their bankruptcy, as an account of income and expenditure.

Now, everyone will automatically receive one before Early Discharge. EVERYONE will receive the IPOQ form before Automatic Discharge, to reassess if your circumstances have changed, since going bankrupt. Thats EVERYONE, due to the rule change on the 1st December.

:mad::mad::mad: They are just pure evil! I totally saw this coming. They are clearly on a money grabbing expedition and looking to take BR's for every spare penny and not content with slamming all new BRs with these draconian new rules, they are planning to go after soon to be discharged BR's (even tho they signed up under different rules/guidance) in an effort to get some money off them too, prob in the knowlege that a good percentage that didn't get an IPA initially probably (when it was £99) will now as the surplus is only £20.

ani_26

welshladinthecity wrote: »

:mad::mad::mad: They are just pure evil! I totally saw this coming. They are clearly on a money grabbing expedition and looking to take BR's for every spare penny and not content with slamming all new BRs with these draconian new rules, they are planning to go after soon to be discharged BR's (even tho they signed up under different rules/guidance) in an effort to get some money off them too, prob in the knowlege that a good percentage that didn't get an IPA initially probably (when it was £99) will now as the surplus is only £20.

Seems what its like, to me, welshladinthe city.

But i'm only conveying what i've been told, albeit, the IS don't seem to be too sure what is happening either.

I feel terrible because although i know its my duty to repay my debts, and some peoples circumstances may well improve after bankruptcy, mine have defintely taken a downward turn. It just feels like you will never get back on your feet again, although i suppose its only another 3 or 4 years of struggling, (ONLY ), as opposed to tens? of years of struggling.

I'm still struggling to actually ' keep ' my job, now i'm back at work, with january looming, and the mot due to expire on my car, a cracked sump gasket, and who knows what else to repair,( thats aside from all the what i class as non essential repairs, like the electrics not working, the leaking roof, etc..) repairs that have needed doing for almost two years ,its likely i'll have to take my car off the road again, as i did last january, with no funds currently to pay for all this.


If there was any spare cash left at the end of the month, my main priority would be for a ' car fund ', since thats the main thing that keeps me in employment in the first place. I wish. Sometime never. I'll just have to keep taking it off the road, like any other indecent bankrupt?

ani_26

The letter says :-

I refer to the bankruptcy order made against you on ******* and enclose an income and expenditure questionnaire which i require you to complete and return within 7 days.


One of the purposes of the bankruptcy provisions of the Insolvecy Act 1986 is that those who are able to contribute money towards the payment of their bankruptcy debts should do so. Your response will let me know whether your circumstances have changed and enable me to make an updated assessment of your ability to contribute towards the payment of your bankruptcy debts. Should a payment be deemed appropriate, i will contact you again with further details.

I appreciate your co - operation in this matter and look forward to your early reply.[/QUOTE]

It was nothing to do with ED fermi. I'm definitely approaching AD in the new year. This is what the letter which accompanied the form,said, and the officer definitely said the form has to be completed before discharge

Thanks Nohope