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Letter from Moon Beever
wok_boy
Posts: 759 Forumite
Hi Guys,
Need your advice.
This morning recieved a letter from Moon Beever asking me to fill in a questionnaire about my income and outgoings.
Whether they are going to vary or suspend my payments.
I was under the impression that IPAs are only in affect for 3 years. My IPA started on 13th December 2007.
I've only ever made 1 payment and that was in January 2008, since then no payments were made.
If the 3 year rule is still in force, can I ignore the letter or tell them that the IPA is finished?
Need your advice.
This morning recieved a letter from Moon Beever asking me to fill in a questionnaire about my income and outgoings.
Whether they are going to vary or suspend my payments.
I was under the impression that IPAs are only in affect for 3 years. My IPA started on 13th December 2007.
I've only ever made 1 payment and that was in January 2008, since then no payments were made.
If the 3 year rule is still in force, can I ignore the letter or tell them that the IPA is finished?
BR 4/10/07
ED 11/04/08
BSC Member No 93
ED 11/04/08
BSC Member No 93
0
Comments
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What did they say after the 1st payment? was the IPA suspended?We all die. The goal isn't to live forever, the goal is to create something that will0
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have your circumstances changed over the period and did you tell them if they didHi, 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 -
philnicandamy wrote: »What did they say after the 1st payment? was the IPA suspended?
At the time Clarke Wilmott didn't say anything, it was the RTLU that sent a previous questionnaire. Nothing about a suspension.BR 4/10/07
ED 11/04/08
BSC Member No 930 -
So should I fill out the questionnaire tell them I'm on benefits and remind them the IPA lapsed in December 2010?BR 4/10/07
ED 11/04/08
BSC Member No 930 -
Give them a call on Monday.2019 MFW No. 74 £13700/£30000 (45.66%)
12k in 2018 No. 98 £6274.19/£18000 (34.85%)
BTL (start) £97440.00 (current) £68000.00
Residential (start) £275000.00 (current) £268000.000 -
It doesnt look like you have any liability here so I wouldn't fill out the form, just ring them as Iquit suggests.When I joined, I needed a name. The forum members gave one to me...I am INAN
"Fortunes ebb and flow and a boat must move with the tide and be thankful that it floats." Judith Allnatt0 -
Have you kept all you paperwork relating to the BR, especially any letters about your IPA? If you are still on benefits then even if your IPA was suspended you would still not be expected to pay one.:pB&SC No. 298
Life`s Tragedy is that we get OLD too soon
and WISE too late!0 -
But the suspended months count toward the 36 surely Dojo?When I joined, I needed a name. The forum members gave one to me...I am INAN
"Fortunes ebb and flow and a boat must move with the tide and be thankful that it floats." Judith Allnatt0 -
Ineedaname wrote: »But the suspended months count toward the 36 surely Dojo?
They do.
The legislation states that an IPA agreement "may not end after the period of three years beginning with the date on which the agreement is made."
A bit of an arse about face way of phrasing it, but it basically means that no matter what else happens, legally the IPA agreement must end no later than 3 years after it was signed.
Variation/suspension of the IPA payments does not stop those 3 years from running.Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB
IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed0
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