IPA and maintenance loan

sallymeak

Hi

Having given lots of thought over my situation I think bankruptcy is the best option for me. I have lost my business and am working part time at the moment. Found it hard to go back into what I used to do as I have had my own business for nearly 20 years so companies think I will be too set in my ways.

Anyhow, really enjoying the change of career, it will come with a serious drop in salary but I am thinking of starting university and studying to be a nurse.

From what I can see I can get a maintenance loan and student finance for the course fees. This would give (combined with part time salary) about £18000 a year. I would have about £150-200 income left each month after outgoings

Would an ipa be put in place if my income was made up of 50%of salary and 50% student funding?

Thanks

sallymeak

I should add, I am a single middle aged person with rent and usual bills but no children

sallymeak

Can anyone help on this please

debt_doctor

Hi,

An IPA can be sought up to a maximum of the amount of earned income coming in. This is of course subject to you have enough money for you reasonable domestic needs.

Maybe you are short changing yourself when you say you have up to £200 pm spare?

Why not pop your SOA on here for us to look at and I and others will comment on what is reasonable.

DD

sallymeak

Thank you debt doctor. I will do this tomorrow and upload. Thank you