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Advice on an IPA please!

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I like many have had the floor swept from under them this year! I declared myself bankrupt July this year. I worked in travel and was let go with the rest of my team. Prior to this I had no black marks on my credit file and was pretty chuffed with my score. I have a job Interview salary 21k so £1493 per month partners salary £3300 per month, SOA £2993 per month plus £800 partners debt. Please could anybody advise the likelihood of an IPA and rough amount. Thank you in advance!

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  • luvchocolate
    luvchocolate Posts: 3,272 Forumite
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    Can you put up your SOA so we can advise.
    An IPA must be signed before the 12 months after you are declared BR
  • luvchocolate
    luvchocolate Posts: 3,272 Forumite
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    Can someone please put the link up for our SOA.
    I find that one hard to follow 
  • luvchocolate
    luvchocolate Posts: 3,272 Forumite
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    Can you also put everything in monthly amounts not a mixture of monthly..quarterly etc 
  • Clouds88
    Clouds88 Posts: 386 Forumite
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    Hello,

    I went BR in 2018, so not recent but have you looked into your all your options? How.much debt do you have? Are you jumping into bankruptcy because you are worried about the future?.

    I know everyone's circumstances are different but for comparison, our total household income back then was approx £2200 and we were a family of 4, and I only just missed an IPA. You wont be allowed £500 for groceries that's massive for 2, some of it looks a bit far fetched but if you can evidence these amounts when challenged you could be okay. I think, they take into account your partner income and then if they have anything left they can then apply that to their debts, their debts are not a priority if that makes sense. 

    If you are out of work, have you applied for JSA to keep you going until you can get another job? Most creditors are giving payment holidays for 3 months if you get to them before the end of october. 


  • ManyWays
    ManyWays Posts: 172 Forumite
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    Adult care costs £ 300.00 per month
    These are normally the disability costs if someone has disability benefits. Do you?
  • sourcrates
    sourcrates Posts: 29,171 Ambassador
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    It’s always best to complete the SOA using the standard form in the stickies.
    However, if you have £20 or more disposable income, you may get an IPA.
    I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter
  • Cj2106
    Cj2106 Posts: 18 Forumite
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    edited 23 October 2020 at 1:30PM
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    Many thanks for your advice CLOUDS88. Not sure if you actually read my post as it states in there that I am already bankrupt. No costs farfetched as you put it...I didn't even have an interview with OR so no I wasn't challenged. Regarding food budget we have two people with food allergies to gluten so again no challenges there.  Also who mentioned only two people in the household Please? Please when giving advice take note of what is said in the original post as none of what you are stating is relevant.
  • luvchocolate
    luvchocolate Posts: 3,272 Forumite
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    Cj2106 said:
    Many thanks for your advice CLOUDS88. Not sure if you actually read my post as it states in there that I am already bankrupt. No costs farfetched as you put it...I didn't even have an interview with OR so no I wasn't challenged. Regarding food budget we have two people with food allergies to gluten so again no challenges there.  Also who mentioned only two people in the household Please? Please when giving advice take note of what is said in the original post as none of what you are stating is relevant.
    To be fair it doesn't say how many people in your household in your opening post. 
    We can only help if we have all the information. 
    The OR has until July next year to get an I P A in place 
  • Clouds88
    Clouds88 Posts: 386 Forumite
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    I misread the bit about having actually applied for bankruptcy I thought you were getting advice before going BR as opposed to have jumped in and asking questions after. 

    I wont post any more advice, good luck to you. 
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