Please can you help with IPO Questionnaire...?

Lutzie

My partner, whom I met not too long after she went bankrupt, has received an IPO - questionnaire.
However a lot of the questions aren't written very well.

First stumbling block is "The name and address of the person you mainly work for if self employed". Well... no-one. She's a child minder. She minds a few kids. And it wants their personnel dept!

As she's now self employed, but her net take home pay isn't easily worked out. It's easy for the tax return, but then she would show a loss, as at the moment she is losing money to start herself off, and I'm "supporting" her. So do we put nothing? It's also asked for my contribution to the household... but what about my "expenses" as such, like my own personal debts, and my mobile phone etc.

In outgoings it's asked for other essentials, of which car costs for child minding, insurance, NI contributions, optical care etc. I've put in. Is there anything else I need to put in.

Any advice in general would really help, as this form is quite odd as the bankruptcy is only for her, but needs my details and she's self employed after being made bankrupt.

Thanks!

fermi

How I would answer if me:

Answer 1: Child minder: No fixed or main client.

Answer 2: Child minder for private individuals, so no personnel depts.

Answer 3: Take home pay = £0 (currently only covering costs after tax or at a loss. Supported by partner.)

Answer 4: Partners contribution = £xxx (only list what you pay towards shared household expenses.)

Answer 5: other expenses look here for suggestions --> http://www.insolvencydirect.bis.gov.uk/technicalmanual/Ch25-36/Chapter31/part7/part4/part_4.htm


In the end though if she has no net income then they cannot ask for a IPA/O. If they do, tell them you will not agree to one.

Lutzie

Yeah technically on her own she is "loss making". Both of us together can "run the house" with a bit of breathing room, but any IPA/O on top would cripple us. So, do you think it would be best for us to put her "take home pay" at zero, with "partners contribution" making up the remainder to balance off to zero, and explain that she is "Only covering costs after tax or at a loss. Supported by partner" on a covering letter of some description?

Thank you for the link, and for the post. Appreciated.

fermi

You can if you like.

No net income = no IPA full stop, so at this point the whole form is a bit of an irrelevance.

Lutzie

OK, thank you very much.

Lutzie

Can I ask one last question?

It says "Other Benefits"... what does it mean? Working Tax Credits?

woodformoretrees

How far into her first year is she - Has she got the questionnaire pre early discharge? (This is me being interested rather than able to offer any info on the whole thing)