IPA/IPO Review and Variation
Due to a number of reasons many people are now finding themselves facing a reduction in their overall disposable income and this type of situation could be one reason for an IPA / IPO review / variation as would also be the case if a bankrupts disposable income was deemed to have increased.
There may also be situations where someone who is bankrupt had agreed an IPA / IPO amount at the start of their bankruptcy that they later found or feel may not have been a true picture or reflection on their actual finances & expenditure etc.
There is very useful information available from the Insolvency Service Technical Manual on IPA / IPO reviews and variation.
If in any doubt on any of above you should always get professional advice.
For guide and information purposes we have designed a bankruptcy payment order calculator to assist you in understanding the income payments procedure and to make you aware of expenditure guidelines.