IPA/IPO: what's the difference?

MTDancer

quote: "IPO payments continue for a maximum of 3 years from the date the order is made by the court
and may continue after you have been discharged from your bankruptcy. Or you may enter into a
written agreement with your trustee, called an income payments agreement (IPA), to pay a
certain amount of your income to the trustee for an agreed period, which cannot be longer than 3
years. There are no fixed guidelines on IPOs or IPAs - each case is assessed individually."
I don't understand the difference between an IPA and an IPO. Can anyone explain?

JCS1

IPA is Agreement by you and the OR/Trustee.

IPO is a court Order where you can't agree on a figure and the OR goes to court to get the judge to decide the amount.

MTDancer

Thanks, now I get it