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 bankruptcy postbag for may
 timescales to 1st IVA/IVO payment
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WINCHESTER78
Junior Member



248 Posts

Posted - 28 May 2008 :  10:28:53  Show Profile  Reply with Quote
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?

Edited by - WINCHESTER78 on 28 May 2008 10:29:39

JulianDonnelly
Junior Member



United Kingdom
325 Posts

Posted - 28 May 2008 :  10:41:46  Show Profile  Visit JulianDonnelly's Homepage  Reply with Quote
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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WINCHESTER78
Junior Member



248 Posts

Posted - 28 May 2008 :  10:46:35  Show Profile  Reply with Quote
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!!
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JulianDonnelly
Junior Member



United Kingdom
325 Posts

Posted - 28 May 2008 :  10:55:18  Show Profile  Visit JulianDonnelly's Homepage  Reply with Quote
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
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