IPA Query

queensland

Hello, I have 9 months remaining on my IPA, I have previously informed Clarke Wilmott of an increase of income and they cancelled my IPA!? I've been saving the additional money just incase.
This year my wage has gone up on the incremental scale by £1,300.
I have also had to buy a new 'old' car myself and go halves with my husband for a new fridge and bed. In total costing more than my increment.
What would be the worst case scenario for not declaring this change of income?

Thanks

National_Debtline

Hi queensland


I assume that you have already been discharged from the bankruptcy itself?


I would recommend that you advise Clarke Willmott of the incremental pay rise ASAP and that you gather together receipts etc. to reflect how that increment has been spent as detailed above. It sounds to me as though it may not be worth their while changing anything, but that's just a personal opinion - it's important that you cover your back by fully disclosing any changes in income to them.


Worst-case scenario, as you ask, would probably be that they seek an Income Payment Order through the courts instead of the existing Agreement. However I wouldn't see this happening unless


(a) they felt that you could have afforded to make payments as a result of the pay rise,


and


(b) you are unwilling to agree voluntarily to any rejig of the existing IPA.


Dennis
@natdebtline