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
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.
 
 

MelanieGiles

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

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http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp
Regards, Melanie Giles, Insolvency Practitioner
 
 

Adam Davies

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