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 Is money taken at source
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Joe
Starting Member

United Kingdom
10 Posts

Posted - 29 September 2008 :  20:47:26  Show Profile  Reply with Quote
There is a possibility that after I have gone bankrupt that I may earn extra income in the form of commission. I understand that the OR can set up some sort of payment order/agreement. Is this money taken at source from my employers?

Joe

BankruptC
Senior Member



1030 Posts

Posted - 29 September 2008 :  21:01:36  Show Profile  Reply with Quote
Hi Joe,

No, I don't believe it's taken at source. I think the IPA (if you're eligible to pay one) is taken as a direct debit each month. I don't have one yet, but I think that's how it works.

Take care,

C. x
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Suzanne
Average Member



United Kingdom
869 Posts

Posted - 30 September 2008 :  09:30:22  Show Profile  Visit Suzanne's Homepage  Reply with Quote
Hi

No it is not taken at source, the collection agent will make an arrangement for you to pay it monthly, usually by standing order.

Suzanne Stocker
Bankruptcy Manager
Jones Giles Ltd
www.jonesgiles.co.uk
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