KrakityJones
Registered User
- Messages
- 13
3 years totalHi again
Would you know if the IPO of 3 years kicks in after the 1 year of bankruptcy or is it from the start? Eg if I went bankrupt on 1st Jan 2016 and had an IPO would I be paying this back for 3 years total or 4 years total?
Thanks Silvio. Only delay I can think of is that the ISI/Courts aren't ready for it, all the minister has to do is sign it
bankrupt on 1st Jan 2016 and had an IPO
Do you mean during your bankruptcy?Hi folks,
Just in relation to the above, if i went bankrupt and the OA found that my income was under the Reasonable Living Guideline amounts - at what date after bankruptcy would the OA come back and check if i'm earning more than the RLE's?
I.e at what point will the OA stop bothering me in relation to "do i have any more cash for my creditors"?
- Every month for 1 year,
- every month for three years,
- etc?
Cheers
Do you mean during your bankruptcy?
..yes, exactly during the 1 year bankruptcy period.
So, do i take from your post - that from the date of being declared a bankrupt - there is no more communication between I and the OA, ISI - unless i get extra income over my agreed RLE amount?
Also, what event is it that i use as the date when i'm declared a bankrupt? When i appear in court, when i get a leter from the OA saying i am bankrupt??
Am planning to go bankrupt in May this year and am doing what i can to get under the RLE guidelines so that an IPA or IPO does not get triggered.
Cheers,
BreakOnThru
..there is no more communication between I and the OA, ISI -
..yes, exactly during the 1 year bankruptcy period.
So, do i take from your post - that from the date of being declared a bankrupt - there is no more communication between I and the OA, ISI - unless i get extra income over my agreed RLE amount?
Also, what event is it that i use as the date when i'm declared a bankrupt? When i appear in court, when i get a leter from the OA saying i am bankrupt??
Am planning to go bankrupt in May this year and am doing what i can to get under the RLE guidelines so that an IPA or IPO does not get triggered.
Cheers,
BreakOnThru
I am not sure what the newer protocol on the court appearance is (i.e. whether you are still required to appear in court or not) you have two court appearances, the date of the first is the date you are declared bankrupt by the judge (this is the date from which you are bankrupt, and you receive a letter from the court confirming that) the second date (approx a month later) is to allow time for creditors to challenge your bankruptcy, and during which, you must advertise your bankruptcy. If you have made your advertisements and crossed all your t's, dotted the i's etc. the Judge declares that you have passed that sitting.
Exactly the same plan here Silvio.
As I'm sure everyone has heard, the Dail will be dissolved next week, I would urge anyone with an interest to follow Silvio's suggestion and get onto Justice for this to be commenced or else we could be waiting quite a while!Hi Mike,
Would you be kind enough to contact Willie Penrose and push the commencement order?
I'm happy it's imminent but the election is likely to be called any day and after all the heavy lifting that was done to get it passed it would be awful for it to not commence in this dail.
Anyone else involved should also contact local rep and/or email info@justice.ie and ask when it will commence.
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