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Anna
New Member
United Kingdom
51 Posts |
 Posted - 11 April 2011 : 20:30:28
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Hi, can anyone tell me how much disposable income you are allowed before you are subject to an IPA?
thanks |
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 11 April 2011 : 20:32:15
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If you have more than £20 per month disposable income you will be subject to an IPA, and all disposable income above this is now taken.
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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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 11 April 2011 : 20:42:55
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I thought that if you had over £20 then all of it was taken, not just that over the twenty?
Double, double toil and trouble;
Fire burn, and cauldron bubble.
Jan
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 11 April 2011 : 20:50:20
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Sorry, Jan is right - if you have £20 or more disposable income all of it will be paid into the IPA.
Thanks Jan!
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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debtinfo
forum expert
2826 Posts |
Posted - 11 April 2011 : 22:32:58
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| yes thats right, although you do now get to keep £10 per person per month for emergencies, which you did not before |
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Bigal4787
forum expert
United Kingdom
641 Posts |
Posted - 12 April 2011 : 00:05:04
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Hi,
if you have £15 disposable income, there would be no IPA, but if you have £20 or more disposable income then ALL of it would be claimed in an IPA
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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Disposable income
