Page 1 of 1
Posted: Wed Jan 28, 2009 8:59 pm
by Fallenhero
Just a question...
Read somewhere you may have to pay something from wages for three years..how much is it worked out on??Or have i got that wrong
Posted: Wed Jan 28, 2009 9:06 pm
by Julie
Hi there - Skippy will be able to answer your question fully, but in the meantime read her blog. It has the percentages of payments in there as a guide.
Posted: Wed Jan 28, 2009 9:43 pm
by Lisa2009
Have a read through skippy's blog.
There is a mound of information regarding bankruptcy.
Posted: Wed Jan 28, 2009 10:59 pm
by MelanieGiles
We generally work on the basis of between 50% and 70% of disposable income, but best to check out the blog just to be sure.
Posted: Thu Jan 29, 2009 8:49 am
by Skippy
Once you have more than £100 surplus income you would have to make payments into an Income Payment Agreement (IPA). This lasts for 36 months, and you pay a percentage of your surplus income, not all of it.
Posted: Thu Jan 29, 2009 10:02 am
by David Mond
Probably two-thirds of your surplus disposable income for 3 years.
Posted: Thu Jan 29, 2009 10:04 am
by Skippy
There is a table in my blog showing how the payments are worked out.