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saleena
Starting Member
United Kingdom
22 Posts |
 Posted - 24 November 2008 : 11:03:14
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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
forum expert
United Kingdom
3290 Posts |
Posted - 24 November 2008 : 11:37:44
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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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saleena
Starting Member
United Kingdom
22 Posts |
Posted - 24 November 2008 : 11:46:15
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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 |
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 24 November 2008 : 12:35:40
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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/ |
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saleena
Starting Member
United Kingdom
22 Posts |
Posted - 24 November 2008 : 12:46:17
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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 |
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Skippy
forum expert
United Kingdom
3290 Posts |
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what is an ipa payment?
