i am currently helping a friend decide if bankruptcy is her best option.she has about £70k unsecured debt,an income of about £17500,single ,no kids ,rent about £475p.c.m Question if she opts for bankruptcy is it likely the trustee would apply for an income payment order (IPO) & if so how much is it likely to be?
Hi Macca - have a look at Skippy's blog - it will give you an idea of what was considered acceptable for her BR - obviously youneed to work out your own so it is a fair reflection of your expenses. There is a chart of IPAs based on disposable income which will give you some idea of where you're at with that too. Hope that helps Take care
helping friend decide if bankruptcy is best option
Posted - 13 May 2008 : 20:10:59
