Hi
Your payment will the equivelent to your disposible income, so this is usually your total household income less your reasonable living costs, this will include everything from rent/mortgage payments through to haircuts etc
Regards
For further advice why don't you have a chat with an IP and give him/her details of all your personal and financial circumstances and particulars
Visit www.iva.com for reviews on firms and practitioners and select one or two to have a chat with. They will give you the most appropriate advice and it is free.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.