Hi, for calculation IPA/IPO's what earnings allowance is given for rent and food in a bankruptcy situation. This is where both parents are made bankrupt, both employed and providing and looking after 4 chidren, age 3 - 13.
Thanks for your reply. Is that for rent? or food? Another advisor told me that rent would be calculated as about 40-45% of net income, in our case that would rent up to £1300/month. From another table I have calculated a food allowance of just under £800/month
Please see the following links from the Insolvency Service. Specifically to your query I have put in bold the ones for Income Payments Agreements and Income Payments Orders. Especially, please see the Household Expenditure Spreadsheet - You will need Microsoft Excel on your computer to open this document.
Hi, for calculation IPA/IPO's what earnings
Posted - 12 March 2009 : 14:32:12
