www.iva.co.uk

Good afternoon,

Can someone please answer a question I have? If you are required to pay an IPA, does this only last for a maximum of 3 years, even if you are given a BRU/BRO? Am I correct in thinking that after 3 years, all disposable income is then yours and no further payments to the bankruptcy are required?

Thank you

Keith

Yes you're right. An IPA lasts for 36 months from the date of the first payment, even if you get a BRU.