BR Possibility & A Few Questions

kepar

Lou a question for you, if as you advocate everyone avoided an IPA, where would the Insolvency service get its money from?
Also what do you think would happen to those who go br in the future?
Things could get a lot worse, you avoided an IPA.
We, my wife and I went br under the old system, she got an IPA for the best part of £400 a month whilst I avoided one.

At the time she had two jobs, she could have gave the part -time one up to avoid the IPA, but she did it. By doing that she got the experience needed for promotion and managed to give the second job up. Her extra pay with the promotion was the same as the part-time job she gave up. She could have reduced her hours or turned down the pay-rise as you seem to push on this site.
But she stuck at it, and 3 years later she got released from the IPA and we were £400 a month better off. She was happy as she felt that she had contributed her bit,

So please explain how the IS will operate without money, I know give everybody an IPA for three years or reduce allowances until it forces an IPA.

So how?

Lou67

kepar wrote: »

Lou a question for you, if as you advocate everyone avoided an IPA, where would the Insolvency service get its money from?
Also what do you think would happen to those who go br in the future?
Things could get a lot worse, you avoided an IPA.
We, my wife and I went br under the old system, she got an IPA for the best part of £400 a month whilst I avoided one.

At the time she had two jobs, she could have gave the part -time one up to avoid the IPA, but she did it. By doing that she got the experience needed for promotion and managed to give the second job up. Her extra pay with the promotion was the same as the part-time job she gave up. She could have reduced her hours or turned down the pay-rise as you seem to push on this site.
But she stuck at it, and 3 years later she got released from the IPA and we were £400 a month better off. She was happy as she felt that she had contributed her bit,

So please explain how the IS will operate without money, I know give everybody an IPA for three years or reduce allowances until it forces an IPA.

So how?

So are you telling me that the I.S. runs PURELY on IPA money alone? Can you tell me where you got this information from, because I was not aware of this. And yes I DO advocate that people should not have an IPA. And that is my opinion. If you don't like it, then that is your right, but I am not about to change it.

What if EVERYone could not be given an IPA, because they did not have enough money? The I.S. would find its funds from elsewhere, like many other government bodies.

As I said I don't think anyone should have an IPA, as I believe once you have gone bankrupt, then that should be it. If other people disagree, then that is fine. But I stick by my opinion. I cannot do anything about it if it annoys you and a few others on here.

Lou67

Also wanted to add, that the IPA now takes 100% of your disposable income, not giving anyone any leeway at all, not a spare bean for any emergencies or anything. As someone said last week, (on here,) what is the point of working hard and earning more when they take any spare money off you for 3 years?! I think it's a disgrace!

I am pretty hacked off with this TBH. I have been purely and simply helping the OP and being nice to them (which they seemed to appreciate,) but once AGAIN, a thread has been hijacked so someone can have a go at me for having the temerity to have an opinion different to theirs, and demanding that I explain my opinions.

Well, this is the last post from me on this thread now, as I am not going to be accused of ruining a thread and having it locked when I did no damn thing wrong! All I have been doing is being nice and giving advice and someone had to hijack the thread again with their own agenda. (and this isn't the first time 'Kepar' has had a go at me for having this view; half of the posts of theirs from the last couple of weeks are them demanding to know why I think this about IPAs: Let it go FGS and accept that people have different views to you!!!)

And I am sure it won't be long before the usual 3 or 4 usernames come on here with their usual comments. I think a couple of them actually follow me around.

For the record. If anyone asks me again WHY I don't think people should have an IPA; I shall NOT be answering. I just don't think there should be one. It's my OPINION. Deal with it!

That is all from now on this thread. Sorry to the OP about this. And once again - good luck to you...

NewChapter_2

Thanks very much for your posts and replies Very much appreciated and good to hear about both your experiences and opinions on IPAs.

Will be interesting to see what the CCCS say and I'll get some more advice to to make the right decision for me.

I am really not sure I have enough money coming in for an IPA! We shall see what may happen and works out. Hopefully whatever works out will be the best option for me and I'll be sitting here in 1 year's time feeling happier and more positive going forward.

Thanks again :T

mynumber

Lou67 wrote: »

Also wanted to add, that the IPA now takes 100% of your disposable income, not giving anyone any leeway at all, not a spare bean for any emergencies or anything. As someone said last week, (on here,) what is the point of working hard and earning more when they take any spare money off you for 3 years?! I think it's a disgrace!

I am pretty hacked off with this TBH. I have been purely and simply helping the OP and being nice to them (which they seemed to appreciate,) but once AGAIN, a thread has been hijacked so someone can have a go at me for having the temerity to have an opinion different to theirs, and demanding that I explain my opinions.

Well, this is the last post from me on this thread now, as I am not going to be accused of ruining a thread and having it locked when I did no damn thing wrong! All I have been doing is being nice and giving advice and someone had to hijack the thread again with their own agenda. And I am sure it won't be long before the usual 3 or 4 usernames come on here with their usual comments. I think a couple of them actually follow me around.

For the record. If anyone asks me again WHY I think people should not have an IPA; I shan't be answering. I just don't think there should be one. It's my OPINION. Deal with it!

That is all from now on this thread. Sorry to the OP about this. And once again - good luck to you...

Lou67 I just want to say thanks for your posts, we are all allowed our own opinions of the rights and wrongs of ipas, its nice to know you can voice your own view and stick to it. I havnt said what i think about them so far as im fairly new on here and didnt really know how i would deal with the comments you have had, but.. proberbly cos last 3 years are still fresh and raw in my mind im of the same opinion as you on ipas. We are all entitled to our own thoughts about them.
K X

dojoman

People having opinions is all well and good, no problem with that, but when bad and wrong advice is given out, especially to new posters then that is wrong. The OR will allow you certain amounts for day to day living depending on your circumstances, they will ask you for proof if you put down ridiculous figures, so it is best to be totally honest, if you end up with an IPA so what, at least you have got rid of all the debt you had and given yourself a chance to rebuild your life.

NewChapter_2

Just a couple more questions please if ok, I am feeling a little scared and sick today with all this

How do I pay the bankruptcy fee with £0 and only credit avail? Surely it wouldn't go down well for me to withdraw the fees from a CC?

Also I am now panicking as I have done a bal transfer from my cc to go into my bank acc to get back inside my overdraft to pay bills. I am not worried that the OR will see this as fraudulent and I'll get in trouble. Will transferring the majority back to the cc help? How do they view spending before BR and does the OR look at your statements?

Oh god I am so so scared today, feel physically sick and want to run away from it all. My business has gone so quiet too so lack of money coming in.

I feel like such a loser and failure today. How'd things get so so bad x

Lou67

NewChapter wrote: »

Just a couple more questions please if ok, I am feeling a little scared and sick today with all this

How do I pay the bankruptcy fee with £0 and only credit avail? Surely it wouldn't go down well for me to withdraw the fees from a CC?

Also I am now panicking as I have done a bal transfer from my cc to go into my bank acc to get back inside my overdraft to pay bills. I am not worried that the OR will see this as fraudulent and I'll get in trouble. Will transferring the majority back to the cc help? How do they view spending before BR and does the OR look at your statements?

Oh god I am so so scared today, feel physically sick and want to run away from it all. My business has gone so quiet too so lack of money coming in.

I feel like such a loser and failure today. How'd things get so so bad x

Hi NEWCHAPTER So sorry that you are feeling lousy. I have PM'd you with a reply to this. Take care. xxx

debtinfo

Beware of advice by PM if it is unsolicited

debtinfo

NewChapter wrote: »

Just a couple more questions please if ok, I am feeling a little scared and sick today with all this

How do I pay the bankruptcy fee with £0 and only credit avail? Surely it wouldn't go down well for me to withdraw the fees from a CC?

Also I am now panicking as I have done a bal transfer from my cc to go into my bank acc to get back inside my overdraft to pay bills. I am not worried that the OR will see this as fraudulent and I'll get in trouble. Will transferring the majority back to the cc help? How do they view spending before BR and does the OR look at your statements?

Oh god I am so so scared today, feel physically sick and want to run away from it all. My business has gone so quiet too so lack of money coming in.

I feel like such a loser and failure today. How'd things get so so bad x

Hi New Chapter, once you are at a stage where you know you need to go bankrupt or are insolvent which you would seem to be at this time then you should not use any credit at all. If you do it could be used as part of an argument for imposig bankruptcy restrictions against you when the OR investigates your conduct. The way most people raise the fees is by stopping their payments to creditors as they are not required anymore as they will be going bankrupt and save the money they would have paid in repayments

The one way you could legally raise the money is by asking for a social fund loan (because these are not written of in a bankruptcy) whether they would give you one i do not know.

Another way is to ask for a grant from a charity.

You cant undo what you have already donebut you can stop yourself from commiting further uses of credit, the best course of action would be to leave the credit cards and overdraft as they are and move to a new bank account and have income paid into there.The OR will look at your statements to see how you have been conducting yourself prior to the bankrupty, As i said you cant undo what has already happened and if the the amount is fairly small then it probably wont be a problem but you dont want to compound that by giving them more things to look at

Hope that helps