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 IPA..... is this good or bad news?

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T O P I C    R E V I E W
mugglewuffin Posted - 21 May 2010 : 19:10:40
IPA..... I have 6 weeks to go until automatic discharge, the OR hasn't contacted me regarding an IPA, my last income / expenditure form was filled out about 4 months ago.... is this good or bad news?
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debtinfo Posted - 22 May 2010 : 14:12:39
not quite, it is not worth to collect less than £50pm, costs more in admin and as they start at 50% of your surplus then if the surplus is below £100pm it is not worth them collecting it. but if say you have £120pm surplus they will collect 50%, £60pm
mugglewuffin Posted - 22 May 2010 : 13:44:10
is it true that after your essential living costs the OR allows you the first £100 of any excess money and any IPA is calculated on the rest of any available money?
Richard P Posted - 22 May 2010 : 11:42:56
sounds good news keep your head down for the next few weeks

regards Richard
debtinfo Posted - 21 May 2010 : 19:26:13
good it would seem so far

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