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 All Forums
 Income Payments Agreements, Income Payments Orders
 Income Payments Agreements
 people with experience of an IPA
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gjm68
Starting Member

18 Posts

Posted - 16 November 2010 :  12:27:21  Show Profile  Reply with Quote
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

Skippy
forum expert



United Kingdom
3290 Posts

Posted - 16 November 2010 :  13:06:12  Show Profile  Reply with Quote
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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gjm68
Starting Member

18 Posts

Posted - 16 November 2010 :  14:01:09  Show Profile  Reply with Quote
Thanks, I will read your blog
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gettingoutofdebt
forum expert



2418 Posts

Posted - 16 November 2010 :  18:08:23  Show Profile  Reply with Quote
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.
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