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Reviva UK
Advanced Member
United Kingdom
2452 Posts |
 Posted - 11 November 2008 : 01:38:41
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Hi
the income payment agreement takes a percentage of disposable income ( BETWEEN 50 - 70%) AFTER ALL required costs have been accounted for.
You need to ensure that you take list all your household bills to ensure that you are not left with new debts.
there are some previous threads on the forum that identify what is classed as an allowable expense.
interestingly it seems that a modest break is allowable with up to £20 per month per person.
Paul Johns
Assisted Bankruptcy Specialists
Reviva UK
For a Free Impartial Review before taking the leap call me @ Reviva UK
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My husband and I went bankrupt in May of this year
