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Most worried
New Member
77 Posts |
 Posted - 23 March 2011 : 14:02:50
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Hi again
1.
Is it so that if you have disp income of less that £100 after all bill+living etc, then you shouldnt get any IPA to pay...?
Or has this amount changed recently....?
(I'll be lucky if I have £20 left at the end:)
2.
And is the insolvency register updated ovenight or during a day?
Thanks again for your help:)
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Bigal4787
forum expert
United Kingdom
641 Posts |
Posted - 23 March 2011 : 15:43:04
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Hi MW,
from 1st Dec 2010 the IPA calculations did change. If you have £20 or more surplus income after all reasonable expenditure has been assessed, then this will result in an IPA being sought.
I.E if you have £15 surplus income, no IPA
If you have £25 surplus income, then you will have an IPA for £25 per month etc.
During the day, exaniners, case clerks, and OR's update the system that they use to administer bankruptcies, which is then used to update the register on a daily basis.
Hope this helps
Big Al
Insolvency examiner with the Insolvency service from April 2008 - July 2010.
If you need help completing SOA's(statement of affairs) or PIQ's(preliminary information questionnaire) if you've been declared bankrupt, or anything else and you're within 30 miles or so of Warrington, then please contact me via my contact details in the expert page for futher details"
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Most worried
New Member
77 Posts |
Posted - 23 March 2011 : 16:37:58
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Thanks for your reply Bigal):
MW |
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FAO Bigal
