Just thinking out loud....

DoubleTrouble_2

Just thinking out loud but if OH is not given an IPA but should get a higher paid job within the first year of BR is he then asked to pay an IPA? and any idea how long the payments would continue for?

Also is there anyway of saving any money during the BR or does every single pound extra earned have to be declared to the OR in that year? Hope that makes sense?!

Final question! just been reading some older threads regarding utilities:
We are not in arrears with our gas bill, we pay on time the required amount but there is an amount that is "outstanding". So we pay enough for useage but should we ever move out then the outstanding amount would need to be settled.

Would this be worth mentioning in the SOA - this bill is in joint names but it is OH who will be going BR..

thanks for any advice (again!! )

debtinfo

Any change of circumstances within bankruptcy must be declared which could mean that he gets an IPA, THE IPA lasts for 3 years from whatever point it starts

Difficult to save apart from the bits they let you save for irregular expenses

Ineedaname

Regarding utilities, I was in arrears when I went BR because it was at the tail end of the winter. I switched suppliers about a month before going BR and the OR wasn't worried about the balance on the new bills. The old supplier's arrears went into my BR.

Not sure how it would work with joint liability bills though.

tigerfeet2006

You would be wholly responsible for any joint debts that go into his BR. I doubt whether it would actually go into the BR TBH.

Ineedaname

TF - of course, doh at me not connecting up the dots on that one.:o

DoubleTrouble_2

so would you suggest perhaps taking his name off that utility bill... just in case...?

Ineedaname

If you take his name off the utility bill it won't make any difference to you than if you left it joint. You would still be liable for the arrrears.

I don't know what the issues would be if you were to take your name off the bill though, or whether you would even be allowed to whilst still living in the house.

silvercar

Just thinking out loud but if OH is not given an IPA but should get a higher paid job within the first year of BR is he then asked to pay an IPA? and any idea how long the payments would continue for?

If he didn't get an IPA initially and then didn't take a higher paid job before being granted discharge, there would be no obligation to inform a change of income. On the other hand if an increased income before discharge resulted in an IPA, that IPA would last 36 months together with an obligation to inform the OR of an further change in income during that time.

tigerfeet2006

It doesn't really matter about the utility bill if it sort of balances out over the year ie; in arrears in winter and in credit in summer as you are paying what is due. I would leave it.

Actually, thinking out loud, it might be worth getting hold of all three of your credit files and see if you are linked at all to your DH. If you are then I would then think about getting rid of the link.

http://www.moneysavingexpert.com/loans/credit-rating-credit-score