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

elliesmemory1

southgrange wrote: »

ok so the rules havent changed but the guidelines have....but surely it still isnt fair when the guidelines were more favourable on the day I went BR to not being favourable at all a few days after. I did my BR research on the old guidelines and firmly believe any potential IPA/IPO should be based on the old guidelines and I will make my point to the OR tomorrow.

I understand southgranges point, it would have been much better if they had said the guidelines would change for everyone br after 1st Dec not any ipas after then as some people would have gone br thinking they knew how much surplus would be taken only to have the goalposts moved.

WLITC

This thread was originally pinned/stickied to the top of the forum, has someone accidently un-pinned it?

fermi

welshladinthecity wrote: »

This thread was originally pinned/stickied to the top of the forum, has someone accidently un-pinned it?

Not accidentally, no. This discussion thread has been "split" off.

1st few posts with the info on the changes are now stickied separately.

madcabby

When I went BR last year I had a disposable income of £23/month......I was told at that point I would not receive an IPA/IPO. Now things have changed somewhat..but if the OR thinks they will give me an IPA/IPO for 3 years they can think again.I work 12 hour night shifts picking up the kind of people you just don't want to meet....but at least for 1 year this wasn't so bad...but for 3 ? no way.I`ll go on the dole till the BR is over....at least I'll get free dental care/rent/council tax and £65 to spend.

Stressedscottish

Does anyone know if these changes are particular to England or if they apply to us here in Scotland too? I just tried to get clarification from AIB but they said they couldn't discuss particular circumstances until we go BR. Just trying to get my head around things while we wait for a arrestment of earning order to happen.
Thanks in advance

fermi

Stressedscottish wrote: »

Does anyone know if these changes are particular to England or if they apply to us here in Scotland too? I just tried to get clarification from AIB but they said they couldn't discuss particular circumstances until we go BR. Just trying to get my head around things while we wait for a arrestment of earning order to happen.
Thanks in advance

It's a change in internal policy by the English Insolvency Service, so doesn't have any bearing on the AIB.

Whether the AIB has or may have to follow suit to make similar changes is up to them and their own financial pressures.

Stressedscottish

Thanks for the quick reply and clarification.

scottishpower

fermi wrote: »

Summary of changes.

For all new IPAs from 1st December 2010 the new rules for calculation will take effect.

IPAs put in place before the change will continue to be assessed, including future variations, using the old guidelines for the full 3 years of the IPA.

Specific changes.

"In all cases from DEC 1st 2010, the FULL amount of surplus income above £20 should be sought via an IPA."

Previously the first £100 was disregarded, and 50 - 70% of the surplus taken.

"It is appropriate to allow each person in the household to be allowed £10 per month for sundries / emergencies. Other allowances should be as per chapter 31 of the technical manual"

In other words, £10 extra per month per person on top of current guidelines.

Guidance issued last week to examiners.

hello, does anybody know where i can find the Technical Manual or the Case Help Manual, lPA calculator and publicity materia ? i have had no joy finding it im sorry! i am expecting my telephone interview asap and would like any help/advice in relation to my statement of affairs i submitted when i went bankrupt thanx all

philnicandamy

scottishpower wrote: »

hello, does anybody know where i can find the Technical Manual or the Case Help Manual, lPA calculator and publicity materia ? i have had no joy finding it im sorry! i am expecting my telephone interview asap and would like any help/advice in relation to my statement of affairs i submitted when i went bankrupt thanx all

Tec manual here

http://www.insolvency.gov.uk/freedomofinformation/technical/TechnicalManual/

more reading here

https://forums.moneysavingexpert.com/discussion/1056083

Ineedaname

So are they saying that if you have over £20 per month surplus you will lose everything except £10 per month? When if you have less than £20 per month surplus you get to keep up to £20 per month? That doesn't make sense does it now.