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 bankruptcy postbag for april
 in the process of going bankrupt		  New Topic  Reply to Topic
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shez
Junior Member

171 Posts
Posted - 17 April 2008 :  00:47:48  Show Profile  Reply with Quote
hi,
we are in the process of going bankrupt if we have to pay an ipa what percentage of the surplus would it be and is the term always 3 years

JulianDonnelly
Junior Member



United Kingdom
325 Posts
Posted - 17 April 2008 :  08:33:42  Show Profile  Visit JulianDonnelly's Homepage  Reply with Quote
Hi Shez,

Welcome to the forum,

The percentage would depend on your level of disposable income, but it will range between 50% and 70%.

The term will be 3 yrs, unless your circumstances change whereby you are unable to sustain an IPA then it could be shorter.

Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
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