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 Income Payments Agreements, Income Payments Orders
 Income Payments Agreements
 people with experience of an IPA

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T O P I C    R E V I E W
gjm68 Posted - 16 November 2010 : 12:27:21
I am trying to understand the term “Responsible” with respect to an IPA. Will someone who had an IPA setup let me know whether they feel the Official Receiver was generous with what they allowed or were tight. Is it a case of anything more than a minimum wage income will be taken.

Basically what are other people’s experiences of an IPA?

Thanks
3   L A T E S T    R E P L I E S    (Newest First)
gettingoutofdebt Posted - 16 November 2010 : 18:08:23
The OR was fair in my case and allowed me the guideline amount for food, clothing, etc. as well as £30 per month for a domestic break.

Compared to the several months that I was struggling to pay my bills before BR, I am much better off even with paying an IPA each month.
gjm68 Posted - 16 November 2010 : 14:01:09
Thanks, I will read your blog
Skippy Posted - 16 November 2010 : 13:06:12
I wasn't living in luxury during my IPA, but I was comfortable. My allowances were reasonable (see my blog). Don't forget you will only get an IPA if you have £100 or more left per month after your bills and living expenses.

View my blog at http://skippy13.blogs.iva.co.uk/

Only when the last tree has died, the last river has been poisoned and the last fish has been caught will we realise that we cannot eat money.

Last IPA payment made on 28th June 2010 - it's over at last!

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