IPA - Can you contest them taking 70% of surplus

Trom

Bevyh4525 wrote: »

I received an original proposed IPA amount of £534 for 36 months, which was over 70% of my surplus of £684. The OR then recalculated it as £517 as I had spotted it was £56.00 over! I was expecting to be hit hard by an IPA but expected around £300-400. I have requested that the OR sends me her breakdown of what my surplus and allowances are...

I am not shirking my responsibilities at repaying the debt, but at the age of 30 to still be reliant on ones parents is quite frankly taking the proverbial!! I want to move out!! and repaying £517 per month, that's not going to happen anytime soon!!

I'm confused by what you're saying. This is in fact the ideal time for you to move out! Are you paying rent to your parents, contributing to bills etc? Because with a surplus of £600+ you can get your own flat and cover your own bills easy I would think - and the IPA would take off you from whatever you have left, if anything.

Post your outgoings so we can advise better.

debtinfo

The basic fee in every case is a standard rate of £1715. Your deposit that you pay at court goes towards this. If there are any specific costs these are added on such as a house valuation. When an asset is realised and the admin costs are paid the OR then takes 17% of any monies realised. This money goes into a pot which funds the losses that occour on the majority of cases. Overall the Insolvency service pays for all its own running costs except where further investigation is needed like for a BRO. This is deemed to be protecting the public and so monies come from government