Advice on an IPA please! 22 October 2020 at 10:39AM in Bankruptcy & living with it 9 replies 262 views

Cj2106

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!

luvchocolate

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

Can someone please put the link up for our SOA.
I find that one hard to follow 

luvchocolate

Can you also put everything in monthly amounts not a mixture of monthly..quarterly etc 

Clouds88

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

Adult care costs £ 300.00 per month
These are normally the disability costs if someone has disability benefits. Do you?

sourcrates

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.

Cj2106

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

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

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.