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41
Bankruptcy / Re: Gift from Parents after discharge but while in an IPA?
« Last post by jono987 on Nov 15, 2017, 11:18:59 AM »
Oh ok thanks, my IPA is £100 a month the gift is 15k, its savings my parents have saved over their lifetime for me and my older brother.
42
Bankruptcy / Re: Gift from Parents after discharge but while in an IPA?
« Last post by Lisa Thomas on Nov 15, 2017, 11:17:39 AM »
How much are you monthly IPA payments?  How much is the proposed gift?


It would be classed as an after acquired asset and be due into your BKY estate if you accept it.
43
Bankruptcy / Re: Gift from Parents after discharge but while in an IPA?
« Last post by jono987 on Nov 15, 2017, 11:16:00 AM »
Thanks, the gift is no where near enough to settle the bankruptcy. From the research ive done, i should be able to accept a cash gift after discharge? As its not classes as income?
44
Bankruptcy / Re: Gift from Parents after discharge but while in an IPA?
« Last post by Lisa Thomas on Nov 15, 2017, 11:13:15 AM »
You shouldn't be taking any gifts/assets whilst you are still Bankrupt.  They could however offer a third party settlement from their funds to settle the remaining 2 years IPA. 
45
Bankruptcy / Re: Gift from Parents after discharge but while in an IPA?
« Last post by jono987 on Nov 15, 2017, 11:10:36 AM »
Good morning Lisa thanks for your response,


I am due for bankruptcy discharge December but will be in an Income Payment Arrangement for two years after this :) So i meant bankruptcy IPA not IVA.

Thanks!
46
Bankruptcy / Re: Gift from Parents after discharge but while in an IPA?
« Last post by Lisa Thomas on Nov 15, 2017, 10:48:12 AM »
Hi Do you mean you are in an IVA Individual Voluntary Arrangement?  Or do you mean you are bankrupt and subject to an Income Payment Agreement?
47
Bankruptcy / Gift from Parents after discharge but while in an IPA?
« Last post by jono987 on Nov 15, 2017, 09:33:45 AM »
Hey everyone, my parents have some money saved for me, around £15k. Im due to be discharged in December. If they give me it in January and i put it in an ISA, will the OR take it because im still in an IPA? Or will they just take the interest earned from it? Thank you!
48
Hi if you paid before the Bankruptcy hearig presumably the bankruptcy hearing was withdrawn and you were never made bankrupt?


The 'marker' you are referring to is known as a restriction and you can verify this by ordering an 'office copy' from the land registry for a few £.  However if you were not made bankrupt a bankruptcy restriction would not have been placed over your house.


If however a creditor obtain a CCCJ and a charge over your house they should remove it after payment was made.
49
Bankruptcy / Bankruptcy paid before court case. was a marker put on my house?
« Last post by qwerty123 on Nov 12, 2017, 10:11:32 AM »
Hi All,

I had bankruptcy proceedings issued against me. I was lucky and was able to pay by the court date.
I did attend the hearing and as i paid it was fine. I did not use a solicitor.
How can i find out if a 'marker' was put on my house?
What is this 'marker' called?
How can i clear this marker?

thanks
50
Dealing with Debt / Re: assistance me with my issue
« Last post by Lisa Thomas on Nov 10, 2017, 03:00:42 PM »
What issue do you need help with - you have not explained so I cannot give you any advice...?
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