You can uninstall or removes an installed python-ipy package itself from Ubuntu 14.04 LTS (Trusty Tahr) through the terminal,
$ sudo apt-get remove python-ipy
If you would like to remove python-ipy and it's dependent packages which are no longer needed from Ubuntu,
$ sudo apt-get remove --auto-remove python-ipy
If you use with purge options to python-ipy package all the configuration and dependent packages will be removed.
$ sudo apt-get purge python-ipy
If you use purge options along with auto remove, will be removed everything regarding the package, It's really useful when you want to reinstall again.
$ sudo apt-get purge --auto-remove python-ipy