Hey everyone! I am currently in an IPA which I think is reasonable given the circumstances behind my enforced BR and I have had a good read through this forum which I have gained some invaluable advice from.

My income is occasionally variable by way of sales commissions. I know that I have to inform the OR within 21 days of receiving these payments. I have been trying to find out if the OR is likely to take 100% everytime I receive extra payments for the remaining period of my IPA or is it on a case by case basis. I have asked the OR a number of times but have had zero response to the direct question.

The reason I ask is that I found an article online in the insolvencydirect bis gov uk technical manual website that states:

(a) Where the bankrupt remains undischarged – the whole of the lump sum;
(b) Where the bankrupt is discharged and the order or agreement has:-

24-36 months remaining – 75% of the lump sum;
12-24 months remaining – 50% of the lump sum;
1-12 months remaining – 25% of the lump sum.

However - there is a caveat to this - it talks specifically about pension lump sum payments, not payments received through work income. I totally appreciate this document could be (a) out date and (b) not applicable

Is there anyone well into an IPA in a similar position who could share their experiences. I need to set my expectations for the remaining (pretty long) term left of my IPA IE is it likely that I will need to pay 100% of all my commission payments into my estate until the last payment date of my IPA.

Thanks in advance everyone!