Ipa/ipo

You_only_live_once

Hi, went bankrupt in Sept 11, from then until Jan 12 had problem with OR regarding the amount he wants as an IPA. We exchanged letters and as a result i refused the IPA, I made an alternative offer of what I could just about afford, he refused this so i told him we will have to go to court, which i am quite happy to do. Got a letter in Jan 12 from OR saying he would be petitioning court for an IPO, (bring it on). Since then i have heard nothing at all from the OR. Is it usual to take so long. I dont want to speak to the OR in case he has forgot. Has anyone else been throught the IPO process and got any advise to offer.

IF

Hi YOLO, The only poster I can think of who contested is smiales in 2008. Hope it will help you and hopefully some more posters can help more.

IPO contested and won - Click here

Best wishes
If...x

IF

Another link may help too:-

http://www.bis.gov.uk/insolvency/personal-insolvency/income-payments-orders-and-agreements

skylight

Ensure you are keeping every receipt/bill etc to prove the expenses you are claiming.

IPAs have changed a bit since 2008 though - the OR can now take almost all your disposable income after expenses (used to be a sliding scale percentage), so its these expenses you need to prove.

IF

skylight wrote: »

IPAs have changed a bit since 2008 though

Thanks skylight, I forgot to mention that!! :doh:

skylight

Hi there! Its changed sooooo much, I tend to stay out of it all now!

IF

skylight wrote: »

Hi there! Its changed sooooo much, I tend to stay out of it all now!

:hello: I know what you mean!! Hopefully the process might be interesting/helpful to the OP, fingers crossed.

debtinfo

what was it they did not allow that you think you needed?

simply saying "i cant afford it" is unlikely to be persuasive with a judge

kation

At my F2F OR interview (I went BR in Jan 2012) we discussed IPA's (not relevant to me yet) and the I&E process - my OR remarked that of-late people contesting IPO's had had more generous settlements than IPA's and that it he expected to see more people contesting IPA's...

Make your case watertight and go armed to the teeth with evidence - please report your outcome.

You_only_live_once

debtinfo wrote: »

what was it they did not allow that you think you needed?

simply saying "i cant afford it" is unlikely to be persuasive with a judge

My income and expenditure was fine and all agreed with the OR, This would have left me with a £30 IPA. Hoever the problem is with the house i own, prior to going bankrupt i transferred the equitable interest to my parents in law. The house is in negative equity to the tune of 20k. The OR says he wants what i pay on the morgage because i dont have a beneficial interest. My argument is i do, as i am still the home owner and my wife lives there along with her elderly parents. I am in the military so serve away alot. I cannot afford to pay margage and pay the same again to the OR.

You_only_live_once

kation wrote: »

At my F2F OR interview (I went BR in Jan 2012) we discussed IPA's (not relevant to me yet) and the I&E process - my OR remarked that of-late people contesting IPO's had had more generous settlements than IPA's and that it he expected to see more people contesting IPA's...

Make your case watertight and go armed to the teeth with evidence - please report your outcome.

If we get to court i will report back, like i said in my thread, i have heard nothing back from the OR or court as yet since Jan. Thanks for the reply.