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Jake.hd
Starting Member
3 Posts |
 Posted - 25 May 2012 : 08:15:58
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Hi, i'm considering taking the big step. very worried about how much ill be left with a month, i get around £1400 a month and have around 800-900 in bills so what would the OR want me to pay per month?
And can you leave the country to work after bankruptcy?
thankyou
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year 2029
Average Member
590 Posts |
Posted - 25 May 2012 : 08:23:03
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Hi Jake.
Its the OR's and Trustees duty to collect 'spare' income, but you are allowed reasonable living expenses.
I think it will always be treated on an individual basis.
Check Skippys blog for what happened to her.
Also, check the following link for the official 'line'.
http://www.bis.gov.uk/insolvency/Publications
Income Payments Orders and Agreements |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 25 May 2012 : 08:35:00
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Hi, if you have more than £20 per month disposable income after your bills and allowances then you will have to pay the whole amount across.
Follow through
Make your dreams come true
Don't give up the fight
You will be alright
'Cause there's no one like you in the universe
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year 2029
Average Member
590 Posts |
Posted - 25 May 2012 : 08:57:38
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They're also after info on working abroad after BR.
Something I personaly have no dealings with. |
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Viki.W
forum expert
United Kingdom
2211 Posts |
Posted - 25 May 2012 : 09:07:57
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Hi Jake,
Welcome to the forum.
Yes, you can leave the country whenever you want. Just make sure they have your contact details, and if your income and expenditure changes, which it may, then tell the OR.
Please speak to an expert on here for advice, or make an appointment at your local CAB.
Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp |
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debtinfo
forum expert
2826 Posts |
Posted - 25 May 2012 : 17:06:34
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| £800-900 seems quite low outgoings, have you checked all your statements to make sure you have accounted for everything you spend, some things dont come up on a regular basis so can be easy to forget |
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Jake.hd
Starting Member
3 Posts |
Posted - 25 May 2012 : 17:49:29
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thats before food and petrol etc
how much do they allow for these?
what if i wanted to do volunteer work abroad for a while?
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 25 May 2012 : 18:02:37
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You need to put down what you spend and be prepared to justify it if necessary.
If you do volunteer work, how are you going to fund your every day expenses while you do that.
Follow through
Make your dreams come true
Don't give up the fight
You will be alright
'Cause there's no one like you in the universe
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Viki.W
forum expert
United Kingdom
2211 Posts |
Posted - 25 May 2012 : 18:12:56
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You can volunteer abroad, the bankruptcy would not stop you from doing that.
Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp |
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Topic |
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how much will i have to pay a month?
