I can live with having no bank accounts

blind-as-a-bat_2

You took the words right out of my mouth BLT.

You should be better off HEADACHE than you where trying to make your commitmants, granted not by much, but still better off, if your not then i think you would need to think about contesting your IPA if that was the situation

wherediditallgo

Headache, maybe I'm missing the point here, but I honestly don't see what your issue is with IPAs. They're based on a percentage of your surplus, not your income as a whole. Yes, it might seem unfair that having a £99 surplus = no IPA, & having £100 surplus = a £50 IPA, but the system has to start at some point. An IPA is an agreement between you & the OR to pay a certain amount towards servicing your debts, & you get 14 days to sign the agreement & return it to the OR. If you don't agree with the figures, you can dispute them & work with the OR to achieve a lower figure. If you can't agree something with the OR (& it's in his interests to reach an agreement with you, as it costs money to take the matter further), he can take the matter to court, where the judge will hear the ORs side of the story & yours, then making a ruling resulting in you getting an IPO (or not, as the case may be) for a specific amount.

Whether you're paying an IPA or an IPO, you're still going to be paying less than you were struggling to pay before going BR. You're going to be paying it for a lot less time too, without creditors on your back.

Going BR allows you to start your life again, & part of that re-start may mean paying something towards your debts, an amount that won't even come close to paying back all that you owed. It's not meant to allow you to behave & live as if you'd never had debts in the first place. Yes, if you manage to have a £500 surplus, you'll only get to keep £150 of it. Why is that a problem, when if you hadn't gone BR you wouldn't have got to keep any of it?

From where I'm standing, going BR doesn't take away your incentive to work hard at all - only having a negative attitude towards it & your future does that. I didn't like having to go BR, few people would, but I see it as my chance to start again. I pay my IPA, but I'm working hard, & I'm particularly working harder at the things I really want out of life. Going BR hasn't stopped me doing that, in fact it's concentrated my mind & efforts no end. I've suffered with severe depression in the past, yet I can see a positive future for myself, so I genuinely don't see your issue with paying an IPA, & why you seem to see going BR & possibly paying an IPA as a blot on your life landscape for years to come. You are going to make life a lot more stressful for yourself if you can't get past this.

Look back on how things were pre-BR - if you can't see that life post-BR is better, for all the occasional difficulties, then maybe you didn't fully appreciate what going BR would mean. That's one of the reasons why we make such a point here, more than I've ever seen on any other BR-related forum, of (a) people getting professional advice from the outset, & (b) not making the decision about whether people should go BR or not for them. They have to be sure of what they are doing, & only they can make the decision in the end, because it's their life being affected by it, not ours.

maxmycardagain

i wonder what % of a IPA payment of (say) £300 a month - which would be most welcome spent in-house - would get to a dozen creditors owed £10K each....and would they notice?

its punitive, to punish you, same as the local paper ads, which serve no purpose except to cause misery, same as taking a £400 wreck of a car off you, same as seizing monies bequeathed to you by deceased (tax paying) relatives

its all there because going BR attacks the roots of our class system, and the financial fibre of the institutions, which the "maxwells" of this world can rob daily (wont mention speakers of the house of commons) but us?.....ooohhh noo noo noo

its exactly the same as why robbing a bank gets you a bigger sentence than a sex offence :- its a crime against the establisment

wherediditallgo

maxmycardagain wrote: »

i wonder what % of a IPA payment of (say) £300 a month - which would be most welcome spent in-house - would get to a dozen creditors owed £10K each....and would they notice?

I don't wonder about it all. The way I look at it is, the smaller the percentage they get, the greater the chance they'll eventually learn to work with the creditor before they go BR rather than have to administer the few pounds they get via the OR afterwards. They're learning that lesson the hard way, just like we've learned ours.

maxmycardagain wrote: »

its punitive, to punish you, same as the local paper ads, which serve no purpose except to cause misery, same as taking a £400 wreck of a car off you, same as seizing monies bequeathed to you by deceased (tax paying) relatives

Not really. If you were owed money by someone, couldn't get any response from them by phone or an answer to your letters, you'd be glad to see a notice in the paper letting you know they'd gone BR, as that would give you a chance to let the OR know you wished to register a claim for a portion of their assets.

maxmycardagain wrote: »

...same as taking a £400 wreck of a car off you, same as seizing monies bequeathed to you by deceased (tax paying) relatives

I agree with you about the car. Don't forget though that there are some relatives who leave someone enough money to clear their debts completely, & that the BR can apply to get their BR annulled. Not everyone who gets left money had a close relationship with that person or feels a great sense of loss about their demise. The OR isn't going to assess anyone's circumstances on the basis of emotion, even if their decision leaves a bad taste in our mouths.

blind-as-a-bat_2

maxmycardagain wrote: »

i wonder what % of a IPA payment of (say) £300 a month - which would be most welcome spent in-house - would get to a dozen creditors owed £10K each....and would they notice?

its punitive, to punish you, same as the local paper ads, which serve no purpose except to cause misery, same as taking a £400 wreck of a car off you, same as seizing monies bequeathed to you by deceased (tax paying) relatives

Allowing 3.5k for OR fees around £899.70 or there abouts so yes it does seem pointless but i supose to a creditor its better than nothing.

No one likes IPA,s here Max as they are inconsitant in there implamentation and therfore unfair so can we stop labouring the point now?

everyone agrees with you but its the way it is:rolleyes:

wherediditallgo

maxmycardagain wrote: »

its all there because going BR attacks the roots of our class system, and the financial fibre of the institutions, which the "maxwells" of this world can rob daily (wont mention speakers of the house of commons) but us?.....ooohhh noo noo noo

its exactly the same as why robbing a bank gets you a bigger sentence than a sex offence :- its a crime against the establisment

One of the many lessons I've learned since going BR is that p**sing in a head wind is likely to get you wet & no-one else. We can scream & shout all we like, the system is the way it is. If it got changed, the chances are that something that works in our favour would too.

maxmycardagain

Not really. If you were owed money by someone, couldn't get any response from them by phone or an answer to your letters, you'd be glad to see a notice in the paper letting you know they'd gone BR, as that would give you a chance to let the OR know you wished to register a claim for a portion of their assets.


youve not read the script have you...

i AM/WAS owed....£13,000 to be exact.....by a thieving ratbag shyster director now being investigated by the IS - but he wont have a IPA or a BRU, oh no, but i will

1 rule for all? I DONT THINK SO

wherediditallgo

maxmycardagain wrote: »

youve not read the script have you...

i AM/WAS owed....£13,000 to be exact.....by a thieving ratbag shyster director now being investigated by the IS - but he wont have a IPA or a BRU, oh no, but i will

1 rule for all? I DONT THINK SO

For all you know, he may end up dealing with something far worse, such as his partner leaving him, not being able to find work & having to live on benefits for years, may lose his home or not be able to get one. A whole lot of things could happen to him in the future that could make getting an IPA or a BRU a breeze by comparison. Life might not seem fair, but it does even out eventually - justice does get done in the end, even if it's not quick enough for you. That's why some really pretty girls have huge hips/thighs, some men with model looks have small doodahs & why some girls with great figures have rotten complexions. It's why some people end up very wealthy, but don't have any friends & spend every night alone unless they buy company. It's why some people seem to be very popular with a great social life, yet still commit suicide. Life is not always as it appears, & it's pointless dwelling on things you can't change.

If you're expecting life to deal you a winning hand of cards because someone else got one the last time, or repeatedly think it's unfair that someone else seems to be getting all the breaks when you're getting none, you're going to make yourself miserable, & it's a waste of your time. I honestly think you're better off enjoying your life as best you can instead of being annoyed that some seem to be enjoying themselves more. Life is what you make it, & how much you make of it is really up to you, no-one else.

dalip

Ok Back to the original question. I had a new joint basic bank acc with OH.When I knew I was going bc I took my name off the account. Because I had held it in the last 2 yrs I had to include it in my SOA. I explained to the OR about the acc and he said fine,when did you open it and how much goes in each wk. The account was never frozen and I still have my wages paid into it.

Now regards an IPA. I had a surplus of £117 a mth and yes I could have tweeked my I&E to cover that £18 in order to avoid an IPA.Now this may sound strange to some;) but I actually was not bothered,in fact it did wonders for my guilt compex that I am contributing to my bc even if it is only £50 a mth. My bc also allowed me to change from the job I hated to the lower paid one I now have. I have even asked if I can continue to pay that £50 even though I am below the surplus bracket. Call me what you like but I for one will be eternally grateful for bc.Paying £50 mth for 3 years is wonderful compared to paying to the £1,800 a mth that I had been trying to find for the last god knows how many years.:D

FeelingLow

just to add my two pence worth, "IF" i get an IPA i will be more than happy to pay that, i didnt go BR to shrug my responsiblities of the mess we were in & it wasnt somehing i did lightly, i would so much rarther pay an IPA for 3 years than have all that debt hanging over my head & be paying it off until i die