What are Income Payment Orders in Bankruptcy?

The law allows your trustee in bankruptcy to apply to the court for an order that you or your employer make regular payments into the bankruptcy estate from your surplus income for a specific period of time. This is an Income Payment Order (section 310 of the Insolvency Act 1986).

The official receiver or your trustee will try to reach an agreement with you about the amount you should regularly pay, without having to apply to the court for the order. But if you can't agree on the amount, and the official receiver or trustee believes that you can make a contribution, they will apply to the court for an IPO.

Getting in touch with an insolvency expert for free debt advice is as easy as picking up the phone. Call the Re10 Debt Advice Helpline on free phone 0800 169 1536