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 I am receiving income support and considering bankruptcy
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Joanne.dn
Starting Member



1 Posts

Posted - 19 September 2011 :  01:26:55  Show Profile  Visit Joanne.dn's Homepage  Reply with Quote
I am receiving income support and considering declaring myself bankrupt. If I find employment after the 12 month period would I have to pay money to the court from my salary.

Viki.W
forum expert



United Kingdom
2211 Posts

Posted - 19 September 2011 :  07:35:23  Show Profile  Reply with Quote
Hi Joanne,

If you have any disposable income, then an IPA can be set up, however this would have to be done within the 12 months you are bankrupt. If it's after that, then no, they can't set up an IPA.



Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
Please read my experience of debt via my blog at http://vikiw.blogs.iva.co.uk/
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