IPA Avoidance

philnicandamy

freddy911 wrote: »

I have no objection to paying towards my BR, I object to not been allowed to keep ANY extra earning, if they were fair and allowed 50% or even 25% I wouldnt have this attitude, But faceing 3 years without any spare money after struggling with debts for over 9 years in my view is unfair. So yes I will try and avoid it.

and with an attitude like that I really do wonder why I bother helping here with anything :mad:

debtinfo

there is no point arguing on this one phil, there will always be some people that spoil it for the rest, nothing we can do about that, lets just hope that it results in the OP losing out on a promotion or something, or the OR finds a way to get that IPO started, come on karma

philnicandamy

I make it a personal point now DI not to get into an argument over it especially the numbers on the increase

hisandhers1978

One thing is for sure is that you will not go to jail for doing a bit of overtime and keeping the money. I would just email the or saying you have a chance to do a bit of overtime but it won't be a regular thing.

Chances are you won't hear back from them but least you have don't your part by letting them know.

hisandhers1978

I'm amazed at the advice sometimes on here, I'm sure they just quote things from the insolvency website!

The op is wanting to do a bit of overtime and not give the money away!

If he is br I'm pretty sure he know what his br obligations are.

debt_doctor

freddy911 wrote: »

I have no objection to paying towards my BR, I object to not been allowed to keep ANY extra earning, if they were fair and allowed 50% or even 25% I wouldnt have this attitude, But faceing 3 years without any spare money after struggling with debts for over 9 years in my view is unfair. So yes I will try and avoid it.

Quite right Freddie, I completely agree with you. The 'old' rules would have given you that fairness and the new ones do not. Bankruptcy is now massively out of step with all other forms of insolvency, and it needs putting right.

DD

kepar

Bankruptcy is now massively out of step with all other forms of insolvency,

What other type of insolvency lets you write off 20k+

debt_doctor

kepar wrote: »

Bankruptcy is now massively out of step with all other forms of insolvency,

What other type of insolvency lets you write off 20k+

An IVA

DD

debtinfo

good point, lets make IPA'slast 5+ years, less flexible, only at the discretion of the creditors and give people their debts back if they dont make it to the end,

im amazed more people dont go for an IVA instead

debtinfo

as i said above there are always some people that spoil it for the rest, it has nothing to do with what percentage is taken there always have been people that will try and avoid paying anything, even under the old "fair system"