We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Query re: informing OR of change in circumstances
lou031205
Posts: 97 Forumite
Hi
My husband and I were both declared bankrupt in January this year. He has now been given early discharge, and I have just been sent IPOQ, etc.
He is discharged with no IPA in place. IF he got an increase in income, I understand that he no longer needs to inform the OR.
However, would I need to inform the OR, as his increase in income affects my circumstances because we share all of our money jointly?
My husband and I were both declared bankrupt in January this year. He has now been given early discharge, and I have just been sent IPOQ, etc.
He is discharged with no IPA in place. IF he got an increase in income, I understand that he no longer needs to inform the OR.
However, would I need to inform the OR, as his increase in income affects my circumstances because we share all of our money jointly?
0
Comments
-
Has your husband actally received any increase in income, yet, lou?
If not, simply fill in your forms and, hopefully, you would receive your early discharge before any change in your husband's income.I am NOT, nor do I profess to be, a Qualified Debt Adviser. I have made MANY mistakes and have OFTEN been the unwitting victim of the the shamefull tactics of the Financial Industry.
If any of my experiences, or the knowledge that I have gained from those experiences, can help anyone who finds themselves in similar circumstances, then my experiences have not been in vain.
HMRC Bankruptcy Statistic - 26th October 2006 - 23rd April 2007 BCSC Member No. 7
DFW Nerd # 166 PROUD TO BE DEALING WITH MY DEBTS0 -
Hi Rog,
No, it is hypothetical, but got me thinking. Forms are sent already. Just thought it would be a shame if he got a bonus/ pay rise and still had to declare it as if he was still bankrupt because of me.0 -
Just thought it would be a shame if he got a bonus/ pay rise and still had to declare it as if he was still bankrupt because of me.
Yes it would be unfortunate, let's hope it doesn't happen and that you get your ED soon.I am NOT, nor do I profess to be, a Qualified Debt Adviser. I have made MANY mistakes and have OFTEN been the unwitting victim of the the shamefull tactics of the Financial Industry.
If any of my experiences, or the knowledge that I have gained from those experiences, can help anyone who finds themselves in similar circumstances, then my experiences have not been in vain.
HMRC Bankruptcy Statistic - 26th October 2006 - 23rd April 2007 BCSC Member No. 7
DFW Nerd # 166 PROUD TO BE DEALING WITH MY DEBTS0 -
Hi, An IPA is placed against the spare income of the bankrupt and not the partner. The partner is only expected to contribute towards the house hold bills if they are able to, ie a portion of h/k, gas, elec, etc. The surplus income of a non bankrupt is of no concern to the OR.
Best wishes
DDDebt Doctor, Debt caseworker, Citizens' Advice Bureau .
Impartial debt advice services: Citizens Advice Bureau Find your local CAB *** National Debtline - Tel: 0808 808 4000*** BSC No. 100 ***0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.2K Work, Benefits & Business
- 603.9K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards