Q20. Will I have to make payments from my wages/benefits to my bankruptcy?

You must give details of all your income from whatever source to your trustee. You may be asked to sign an Income Payment Agreement (IPA) to pay a contribution towards your bankruptcy.

Your trustee can also apply to the court for an Income Payment Order (IPO) if you either refuse to sign an IPA if asked or you fail to comply with the terms of an IPA. An IPA and IPO can last for up to 3 years from the date that they are agreed or imposed and therefore you can be paying contributions after you have been discharged from your bankruptcy.

If you were made bankrupt before 1 April 2008 the legislation under which you were made bankrupt may be different.  Contact your trustee or AiB if this is the case.

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