i've recently gone bankrupt

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l_h

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Post by l_h » Tue Sep 04, 2007 6:49 pm
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hello, i've recently gone bankrupt, however I may be subject to an income payment agreement, however what can i expect to be left with each month?, i understand everyone's circumstances are different, please help.
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MelanieGiles

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Post by MelanieGiles » Tue Sep 04, 2007 9:48 pm
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Hi lh

The Official Receiver will assess your income and expenditure and determine what he/she feels is a reasonable sum for you to pay, but this is unlikely to be more than 75% of your surplus and at the lower end is more likely to be 50%. Skippy has a detailed sliding scale of these figures on her blog which is well worth a look.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To appoint me as your IP visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp
Regards, Melanie Giles, Insolvency Practitioner
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Adam Davies

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Post by Adam Davies » Wed Sep 05, 2007 3:09 pm
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Hi
I think that 70% is the maximum that you can pay in an IPA.
Regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp
Andam Davies
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