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T O P I C R E V I E W
christina.ns
Posted - 31 January 2010 : 17:29:45 I owe a little under £200K. I am told now that bankruptcy is the only way forward. How will they work out how much I will pay back and for how long?
2 L A T E S T R E P L I E S (Newest First)
Steve Thatcher
Posted - 02 February 2010 : 12:01:15 if you want to post your income and general expenditure I'm sure we can help you out.
Steve Thatcher
gettingoutofdebt
Posted - 31 January 2010 : 17:42:37 Is this personal or business BR? For personal you will only pay something back if you have more than £99 disposable income (DI). The amount will be between 50% and 70% of the DI and the payments will last for 36 months. The repayment is known as an IPA (Income Payment Agreement) and can increase or decrease over the 36 months if your income increases or decreases.
