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| macca |
Posted - 13 May 2008 : 20:10:59
i am currently helping a friend decide if bankruptcy is her best option.she has about £70k unsecured debt,an income of about £17500,single ,no kids ,rent about £475p.c.m
Question if she opts for bankruptcy is it likely the trustee would apply for an income payment order (IPO) & if so how much is it likely to be?
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| 4 L A T E S T R E P L I E S (Newest First) |
| Helpful Advice |
Posted - 14 May 2008 : 19:38:39
Hi Macca,
You could also use the following link which will give you an idea of allowable expenditure.
http://www.bankruptcyhelp.org.uk/forum/topic.asp?TOPIC_ID=100
Kind Regards,
Brett England
Bankruptcy Specialist
England,Jackman & Spacey
WebSite www.ejands.co.uk
View my personal story & blogs at:
http://brettengland.blogs.bankruptcyhelp.org.uk/ |
| m and v |
Posted - 14 May 2008 : 13:59:50
Hi Macca - have a look at Skippy's blog - it will give you an idea of what was considered acceptable for her BR - obviously youneed to work out your own so it is a fair reflection of your expenses.
There is a chart of IPAs based on disposable income which will give you some idea of where you're at with that too.
Hope that helps
Take care
Vicki x |
| macca |
Posted - 14 May 2008 : 13:16:42
Thanks for your post Brett
Do you know of any guidelines/parameters for allowable living expenses.
cheers
macca |
| Helpful Advice |
Posted - 13 May 2008 : 22:39:27
Hi Macca,
It would depend on her expenditure, but if she has a disposable income after meeting her expenditure then her trustee would look for an IPA.
The amount would depend on the level of disposable income.
Kind Regards,
Brett England
Bankruptcy Specialist
England,Jackman & Spacey
WebSite www.ejands.co.uk
View my personal story & blogs at:
http://brettengland.blogs.bankruptcyhelp.org.uk/ |
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