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T O P I C R E V I E W
shez
Posted - 17 April 2008 : 00:47:48 hi, we are in the process of going bankrupt if we have to pay an ipa what percentage of the surplus would it be and is the term always 3 years
1 L A T E S T R E P L I E S (Newest First)
JulianDonnelly
Posted - 17 April 2008 : 08:33:42 Hi Shez,
Welcome to the forum,
The percentage would depend on your level of disposable income, but it will range between 50% and 70%.
The term will be 3 yrs, unless your circumstances change whereby you are unable to sustain an IPA then it could be shorter.
