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 bankruptcy postbag for may
 timescales to 1st IVA/IVO payment

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WINCHESTER78 Posted - 28 May 2008 : 10:28:53
Hi again..Im going BR on Monday (2nd June08).
Looking at timescales when (if any) will I probably have to make my 1st payment for a IVA/IVO?
3   L A T E S T    R E P L I E S    (Newest First)
JulianDonnelly Posted - 28 May 2008 : 10:55:18
Hi Winchester78,

Given the level of disposable income, it is more than likely your are looking at between 50-70% to go to the OR every month for the next three years. The OR will let you know when it is to start, but it is usually straight away following the OR meeting.

Regards.

Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
WINCHESTER78 Posted - 28 May 2008 : 10:46:35
going back to my post a few days ago about overtime and what amount to put down on my SAO.The desposable income ranges from £250 - £500!!
JulianDonnelly Posted - 28 May 2008 : 10:41:46
Hi Winchester78,

The OR will advise you on when the IPA/IPO payments are due to start. Have you declared a disposable income of more than £100 a month on your Statement of Affairs?

Regards

Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk

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