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 what is an ipa payment?

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T O P I C    R E V I E W
saleena Posted - 24 November 2008 : 11:03:14
Just been reading some other posts and people are mentioning ip payments what are these?just want to know what to expect when i go bankrupt and what i will have to pay, thanks

sstephens
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Skippy Posted - 24 November 2008 : 12:48:26
Have a look at https://www.insolvencydirect.gov.uk/isolv/

This is where you register and complete the forms. You will be able to find a lot of information on the Insolvency website so it's worth having a look - http://www.insolvency.gov.uk/

Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.

View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/
saleena Posted - 24 November 2008 : 12:46:17
i was going to do the forms by hand but may look into oing them online instead if hey can be ammanded as i dont want to make any mistakes.thanks for your help


sstephens
Skippy Posted - 24 November 2008 : 12:35:40
When I went BR I put my partner's contribution to the household, not his whole income.

Completing the forms is long winded and does seem complicated! Are you completing the forms online? I did it that way and I found it worked for me as I could do a bit, save it and then amend it if necessary.

Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.

View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/
saleena Posted - 24 November 2008 : 11:46:15
ok thankyou,iv had a look and i now understand,when i complete my bankruptcy forms do i need to include my husbands income too even if he not going bankrupt,is the whole bankruptcy thing as confusing as it sounds?

sstephens
Skippy Posted - 24 November 2008 : 11:37:44
An IPA is an Income Payment Agreement. If you have more than £100 surplus each month you will be expected to pay a percentage into an IPA, which lasts 36 months. There is a table in my blog which shows how much you would expect to pay.

Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.

View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/

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