Gone bankrupt at last

tight_jock

scootw1 wrote:

How long before the interview and the IPA usually?

Our interview was 2 days after the hearing.

We are almost 4 months int it now and only had a letter mentioning IPO this morning for which we need to submit our current figures.
I note you have no mobile or internet costs on your statement .
I`m sure that when your new figures are due that you can reshuffle them to reduce your surplus. When mine are accepted, I`ll post to give you an idea.
:beer:

scootw1

tight_jock wrote:

Our interview was 2 days after the hearing.

We are almost 4 months int it now and only had a letter mentioning IPO this morning for which we need to submit our current figures.
I note you have no mobile or internet costs on your statement .
I`m sure that when your new figures are due that you can reshuffle them to reduce your surplus. When mine are accepted, I`ll post to give you an idea.
:beer:

Telephone on my figures is the mobile, I don't have internet or landline.

Four months until IPA? Wow, didn't think it would be that long. In all that time, whatever money you have you keep am I right? Or do you have to set it aside and declare it as cash in hand later? I though the figure the OR sees on the first bankruptcy forms was the cash in hand value? I didn't think you would have to re-submit? Or do you mean re-submit I&E?

tight_jock

scootw1 wrote:

Telephone on my figures is the mobile, I don't have internet or landline.

Four months until IPA? Wow, didn't think it would be that long. In all that time, whatever money you have you keep am I right? Or do you have to set it aside and declare it as cash in hand later? I though the figure the OR sees on the first bankruptcy forms was the cash in hand value? I didn't think you would have to re-submit? Or do you mean re-submit I&E?

Maybe our case is out of the ordinary or maybe it`s cos we is bumpkins (!).
The forms we had this morning are to submit I & E to calculate any surplus or show change in circumstance I think. When we did our petition the figures were the maximum we thought we could use and they were accepted, In fact the interviewer told us we could increase one or two of the figures. This left us with about £100.
As far as I know, the payments on an IPA/O do not start until the figure is set but it is from that date.

scootw1

tight_jock wrote:

Maybe our case is out of the ordinary or maybe it`s cos we is bumpkins (!).
The forms we had this morning are to submit I & E to calculate any surplus or show change in circumstance I think. When we did our petition the figures were the maximum we thought we could use and they were accepted, In fact the interviewer told us we could increase one or two of the figures. This left us with about £100.
As far as I know, the payments on an IPA/O do not start until the figure is set but it is from that date.

Ah, so it is I&E not cash in hand huh?

My concern really is that I will budget for the month based on what I have on 20th of the month then the IPA is set say on 1st and this will go out straight away mucking up my calculations for that month. Say they were to set the IPA on the 1st can I get them to take it out after the following payday?

tight_jock

scootw1 wrote:

Ah, so it is I&E not cash in hand huh?

My concern really is that I will budget for the month based on what I have on 20th of the month then the IPA is set say on 1st and this will go out straight away mucking up my calculations for that month. Say they were to set the IPA on the 1st can I get them to take it out after the following payday?

I would imagine it`s like any other direct debit in that you can set the date for paying out relevant to your payday. I would speak to your OR when the time gets a bit nearer so that you can negotiate the date of payment.

plumduff-2

tight jock - you shouldnt get an IPA if your surplus is less than £100 per month

luckylady45

Hi Scootw1.......do you feel relief not the deed is done or was it a bit of an anti-climax ??
You mentioned Agenda for change...are you a nurse ??....if so did you have to notify the NMC about the BK...???...also which bank were you with ??
Sorry for the questions
LL

tight_jock

plumduff-2 wrote:

tight jock - you shouldnt get an IPA if your surplus is less than £100 per month

That`s what we are hoping - if all goes to plan:D

scootw1

luckylady45 wrote:

Hi Scootw1.......do you feel relief not the deed is done or was it a bit of an anti-climax ??
You mentioned Agenda for change...are you a nurse ??....if so did you have to notify the NMC about the BK...???...also which bank were you with ??
Sorry for the questions
LL

yes there is a sense of relief. still got my student loan hanging though.

I work in the NHS but not as a nurse. I haven't informed my employer.

I bank with Nationwide