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Early discharge

dr4gonfly
dr4gonfly Posts: 15 Forumite
edited 27 January 2012 at 6:03PM in Bankruptcy & living with it
Hello

Today I received a letter from my or saying I have been discharged early from my br (yey).

I was paying £50 per month ipa but this was suspended when I lost my Csa of 250 per month.

I have 2 questions, one if I earn any extra in my wage do I have to declair it I.e. overtime, wage rise (not that I have either) and for how long?

Also I'm getting married next year, can I start putting money aside in a savings account as and when I have any spare cash?

Thanks in advance

Comments

  • IF
    IF Posts: 34,349 Forumite
    10,000 Posts Combo Breaker
    Hi dr4gonfly and congratulations for you ED :beer:

    Check the wording of your IPA form, some of them have wording that you have to tell them about income changes only whilst undischarged, some state for the full 3 years of the IPA.

    Yes you can start saving as long as its not excessive amounts!!

    Best wishes
    If...x
    "If wishes were horses, then beggars would ride"
  • dr4gonfly
    dr4gonfly Posts: 15 Forumite
    edited 30 January 2012 at 5:51PM
    Thanks for that, I just asked my or and he said it was until November 2014. On reading my ipa it doesn't matter whether I am discharged until that date if my income goes up I have to declair it. Oh well.

    Best wishes
  • dojoman
    dojoman Posts: 12,027 Forumite
    Congratulations on your ED:T:T:T
    :pB&SC No. 298
    Life`s Tragedy is that we get OLD too soon
    and WISE too late!
  • Can I ask how long was it from going BR to getting your ED? (just wishfull thinking on my part really :) )

    Pink x
  • Can I ask how long was it from going BR to getting your ED? (just wishfull thinking on my part really :) )

    Pink x
    i was dischagrd last summer after 6 months and a couple of days
  • Hi,

    I made myself be on the 23rd may, got the form in November asking me for my current finances and found out on the 27th jan that I'd been early discharged on the 17th jan.

    So around 8 months.

    Best wishes
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