tax credits

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purple princess

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Post by purple princess » Wed Jul 31, 2013 9:33 pm
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just received tax credit rebate for 2012/2013 started IVA may 2013 is this classed as a windfall or money owed to us for having a less wage through 2012/2013
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purple princess

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Post by purple princess » Wed Jul 31, 2013 9:58 pm
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anyone got an answer please
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Shining

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Post by Shining » Wed Jul 31, 2013 10:59 pm
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Hi purple princess sorry I've no idea but maybe one of our experts will be able to give some advice but I would winging a quick email to your IP to ascertain their feelings on this.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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plasticdaft

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Post by plasticdaft » Wed Jul 31, 2013 11:43 pm
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How much is it? Declare it to your ip and expect to pay some of it over (I'm assuming its several hundred pounds).

Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
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Michael Peoples

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Post by Michael Peoples » Thu Aug 01, 2013 10:26 am
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If your IVA payments were based on a lower figure in my opinion this would be a windfall. If less than £500 you could possibly keep in but you need to let your own IP know to be sure.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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MelanieGiles

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Post by MelanieGiles » Thu Aug 01, 2013 11:37 pm
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I would say it is an asset, as your right to the money was derived prior to the IVA, but in reality you could probably successfully argue this either way.
Regards, Melanie Giles, Insolvency Practitioner
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