Showing results for tags 'ipa'.
Found 5 results
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Hello, I unfortunately find myself at a point in my life where I was made redundant, owe approx £30,000 and have very little income and no assess. I have decided bankruptcy seems the most logical solution as I have had to retrain so will be doing a degree for the next 3 years. The only issue I have is trying to understand what payments I will need to make, if any. So my income is as follows: Student Finance (Including Parents and Dependent Allowance) - £12000 (Paid for 39 weeks only) Tax Credits - £168 a week Child Benefit - £48 a week I have 3 young kids and a wife. My problem is I have asked both Citizens Advice and Stepchange but both are unsure if my Student Loan can be classed as income. I was quoted the following: 31.7.78 Student loan income It should be noted that where a bankrupt is in receipt of a student loan this is not income which can be claimed under an IPA/IPO. So does this mean my income would be tax credits and child benefit? I find it hard to believe that they would ignore my major source of income. Any help appreciated, for reference the figures are within a few £'s as I do not have exacts but am happy to find them if needed. Thanks. -
Hi could anyone help me, I want to complain about an insolvency practitioner and I have been informed by them that I have to complain to IPA but I cannot find an address to write to them. Can anyone help me thanks
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I have been declared bankrupt and have had my interview with the OR - they said I should be discharged in 12 months. They didn't want to go through my income and expenditure yet, as I've only been self employed for a few months before declaring bankruptcy, and they wanted to review my I&E in three months. I am aware that an IPA will be put in force for three years if I have surplus income during the 12 months, and I want to avoid this. As I am self employed, I can 'throttle' my income for 12 months and just take it a little easy, take on a few less jobs until discharge, thus avoiding an IPA. I just want this over and done with ASAP, not to drag on for three years when I can be 'out' in one. I wanted to clarify one thing: When I declare gross income to the OR, do they take into account the tax and NI that will be payable when I eventually do my tax return? Do they have a formula for that calculation? I don't want any surprises. I'll will eventually make a post about my bankruptcy experience as it may prove useful to people here. Thanks. -
Is it possible? Is there a program that can do this? I've done basic Googling, but it's all a bit confusing to me. -
Just want to say "Hi!" to everyone in the forum. I'm new in the forum.
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