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T O P I C R E V I E W
Lorraine.1
Posted - 19 January 2012 : 15:14:14 My husband has an ipa which he pays 75pmth, he has to pay it to a solicitors, where does this money go, as we are getting statements from a bank and the balance is the same as it was when he went bankrupt
1 L A T E S T R E P L I E S (Newest First)
Steve Thatcher
Posted - 19 January 2012 : 15:43:27 Hi your IPA will go into a receivables account with the OR. He will use the funds received to discharge the bankuptcy expenses including his fees. He will produce an account and there may be a dividend payable to creditors. The people who are therefore owed money may receive something in the £ in due course. To be honest it doesn't really matter as your husbands creditors if they receive anything will only get pence
