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Ipo
Holes_in_my_pocket
Posts: 1,494 Forumite
Hi
Probably had this question before i am thinking of going bankrupt and will have a surplus income is there a set % they will take from any surplus money
Thanks Paul
Probably had this question before i am thinking of going bankrupt and will have a surplus income is there a set % they will take from any surplus money
Thanks Paul
0
Comments
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The percentage taken in an IPA/O runs on a sliding scale from 50-70% of surplus income. A table of surplus vs % taken can be found at the end of this article:
http://bankruptcy.informe.com/viewtopic.php?t=18
If your assessed surplus is less that £100 pcm an IPA/O should not be sought by the Official Receiver or Trustee.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
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