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T O P I C R E V I E W
Judy.01
Posted - 23 February 2013 : 17:27:40 What is an IPA and how does it work?
2 L A T E S T R E P L I E S (Newest First)
Niobe
Posted - 23 February 2013 : 17:50:42 Hi and welcome.
If you do have over £20 per month DI then the whole lot will be taken into account for an IPA. You won't be allowed to keep the £20.
Viki.W
Posted - 23 February 2013 : 17:39:06 Hi Judy,
An income payment agreement in bankruptcy is set up if you have any surplus over £20 at the end of the month. It's a payment that you pay to the OR every month. It runs for 3 years and can increase, decrease and stop anytime if your circumstances change.
