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benefits, bankruptcy, income and partner HELP!!
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The OR should only be taking 50% of your "excess income" as is laid out in the Insolvency act.
Not true at all.
The Insolvency Act 1986 does not stipulate the % of surplus income that be claimed. In effect, it allows up to 100% to be claimed.
Until last year it was the OR's own internal policy to only seek 50-70% under an IPA. However, that changed last year and they now ask for 100% in most cases.Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB
IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed0 -
.......Ahh, the good old days... DD:(Not true at all.
The Insolvency Act 1986 does not stipulate the % of surplus income that be claimed. In effect, it allows up to 100% to be claimed.
Until last year it was the OR's own internal policy to only seek 50-70% under an IPA. However, that changed last year and they now ask for 100% in most cases.Debt Doctor, Debt caseworker, Citizens' Advice Bureau .
Impartial debt advice services: Citizens Advice Bureau Find your local CAB *** National Debtline - Tel: 0808 808 4000*** BSC No. 100 ***0
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