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T O P I C    R E V I E W
jmjs1986 Posted - 14 January 2010 : 09:49:06
When you pay into an IPA where does the money go to?
4   L A T E S T    R E P L I E S    (Newest First)
debtinfo Posted - 14 January 2010 : 19:02:14
The money is paid in this order
1) agent fees
2)IS/OR fees/Bankruptcy costs
3)Petitioning creditor fees
4)preferential creditors
5)Ordinary Creditors
Skippy Posted - 14 January 2010 : 10:09:48
As far as I'm aware the money is firstly used to pay for your BR, and anything left is then distributed among your creditors.

Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.

View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/

30 IPA payments made, 6 to go - the end is in sight!
jmjs1986 Posted - 14 January 2010 : 10:02:56
I know Moonbeever collect this money but what does Moonbeevers do with it?
Skippy Posted - 14 January 2010 : 09:55:33
The money is collected on behalf of the Official Receiver by a company called Moon Beaver, who are a firm of solicitors.

Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.

View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/

30 IPA payments made, 6 to go - the end is in sight!

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