If the debtor has excess income to make a payment to its bankruptcy estate, it is always advisable to look for an IPA in relation to an IPO. The IPO should only be considered in cases where it is not possible to reach an agreement and the debtor does not accept the proposed IPA or does not assist the official beneficiary in collecting an IPA. Where a receiver has been appointed and an amendment to an IPA or IPO is required, the official receiver should refuse to process an application to amend the agreement or injunction addressed to the court when requested to do so by the liquidator. These requests are part of the functions of agent. 52 days have become 53 days, and there are more and more. I don`t want to stop. I may even be a little worried that this newfound energy and positive mentality will stop if exercise and enlightenment stop. My mind opened ideas and goals that I had, but never started, for fear of not concluding or setting an obstacle that was too high. After 52 days, I am ready for more challenges. If the court orders that the API/IPO be amended to take the form of an agreement for a third party to make payments to the agent under the API/IPO, then the agent must send the agreement or contract to the third party. In the case of such a payment under an IPA, the third party may deduct the corresponding fee for office and enforcement management costs, while informing the debtor in writing of the amount deducted. If the debtor of the bankruptcy signs the agreement in a personal interview, the official receiver should give the debtor a “cooling-off period” of 14 days to reflect on the agreement before it comes into force.
If, after 14 days, the debtor has not contacted the official receiver to withdraw consent to the agreement, the official addressee should sign and date it, and it is on this signature that the IPA will enter into force and become legally enforceable. This is an operational policy, not a legal or legal requirement, to ensure compliance with the maximum 14-day deadline for the return of a DPI by mail and best practices, respecting the precedent of the 14-day “cooling-off period” imposed by law in consumer credit agreements. The proximity of the date of discharge must be taken into account, since an IPA only enters into force if it has been signed by both the liquidator and the official receiver or agent before the date of discharge. . . .