payments agreement

In 1948, a payments agreement was signed between both countries.

What is an Income Payments Agreement?

However, you may still have certain obligations if, for example, you are making payments under an Income Payments Order or Income Payments Agreement.

If you have surplus income you may have been making payments into the bankruptcy estate under an Income Payments Agreement or Order that is set to run for three years.

This guide provides information about Income Payments Agreements and Income Payments Orders and how they work and how your income and expenses may be managed.

An income payments agreement or order in bankruptcy (if one is applied, depending on the individuals disposable income) will not last for more than three years and payments are generally much lower than under an income based IVA.