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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.

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.

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Hi
I think that 70% is the maximum that you can pay in an IPA.
Regards

Andy Davie
IVA.co.uk Spokesperson

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