thanks!

dischargedbr

So long time lurker first time poster!


I wanted to say thanks to all for the advice I read hear through my bankruptcy.



I was discharged a week ago and the advice I read up on hear was amazing.



I was very close to being miss sold an IVA. In desperation I looked across all avenues and thankfully realised a BR was more appropriate for my situation.



Personally I found the whole process a breeze. As soon as I had the fee together it was a case of filling out the forms and away you go.


My advice to those worried about pushing the button:

• Don't worry about the interview. The officials are very professional and do not grill you in the way I thought they would.
• Don't be afraid to exaggerate your monthly outgoings (within reason of course). The only thing I had to prove was my rent via a copy of my tenancy agreement.
• Get a nationwide basic account. They have been amazing and honestly it is no different to my Lloyds account i had before minus the OD. You get mobile app, contactless card etc
• The OR are so busy they will mostly stay out of your business. I was worried they would be going over my bank account daily looking for an extra 20 quid here and there. They will not do this!

The 12 months will end up flying by.



I had a question to ask. I was told I would have to pay an IPA from my NT tax status for the 3 months at the start of the year. I was never approached about paying it by the third party I was told would contact me. Not have I been contacted by the OR expecting a payment. Can I know assume I got away with this ? Anyone else have similar experience?


Thanks again everyone!

TheGardener

NT Tax IPAs only last from the date of BR to the end of the current financial year so in your case an NT IPA would have run from Nov 2017 to April 2018 - then you would revert to paying your tax normally.
Did your employer stop deducting tax at any point during that time? If they did then just put that money to one side in a savings account and forget about it for now - the OR might remember it at the end of this tax year (April 2019) and ask for it then.

If you continued to pay your tax though your employer as normal during that time - then forget about the IPA, its too late for the OR or the 3rd party to do anything about it now.