Allowances for IPA

145 Posts

Hi there
I am considering bankruptcy and if I go ahead, will have to pay an IPA as there will be a surplus income.
With regards to allowed expenses, is it normal to be allowed reasonable small amounts for things like holidays and sports/entertainment (I'm talking about £20 per month), or do they only allow the very bare minimum (i.e. rent, food and toiletries/cleaning products. household bills, medical expenses). I was wondering if anyone has any experience with an IPA?
Many thanks in advance for your help.
I am considering bankruptcy and if I go ahead, will have to pay an IPA as there will be a surplus income.
With regards to allowed expenses, is it normal to be allowed reasonable small amounts for things like holidays and sports/entertainment (I'm talking about £20 per month), or do they only allow the very bare minimum (i.e. rent, food and toiletries/cleaning products. household bills, medical expenses). I was wondering if anyone has any experience with an IPA?
Many thanks in advance for your help.
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https://www.insolvencydirect.bis.gov.uk/technicalmanual/Ch25-36/Chapter31/part7/part4/part_4.htm
For food and groceries the SFS guidance figures are very generous so push those up.
Some posters on here do have access so if you pop your SOA on here we maybe able to help.
Need to know how many adults, how many cars, how many kids, over or under 16
2 kids both under 16. 1 with Special needs
Things like food etc, is there numbers that are 'acceptable' that i can use to eek out what i can
It's a matter of putting down what you spend on different expenses.
Without your information we cannot advise
Total communications and leisure spend
Total food and housekeeping spend
Total personal costs spend
What is in each one isn't a secret - e.g. the stepchange form itemises this
There used to be a figure for travel costs but this has now been dropped.
So keeping under those triggers and I should be fine when it comes to a review.
Assuming Petrol etc comes in travel costs