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Personal Debt : jargon busting : income payments agreements (ipa)

 

11 : Income Payments Agreements (IPA) :

An agreement with the Official Receiver (OR) setting out the monthly payments that a bankrupt has to pay to his/her Trustee. The IPA usually lasts for three years.

Click on the word or phrase to find a straightforward explanation rather than the exact legal definition.

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Last updated :

1st February 2012.

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