Posted: Wed Sep 26, 2007 1:54 pm
how much of my wage can be stopped?is there a certain % that can be taken?and is there a ceiling to the amount requested?
Hi Toz
If you are asking about an iva then the amount you will be expected to pay will be your disposable income, that is what is left after paying your living expenses it is usually shown as pence in the pound , the lowest acceptable is usually around 25p in the pound and it can be as much as 1.00 in the pound meaning you would pay the full debt back. The money is not stopped from your wages.
Hope that helps.
Ang
Please visit my blog at http://aguise.blogs.iva.co.uk/