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| T O P I C R E V I E W |
| deeperanddeeper |
Posted - 21 June 2008 : 11:38:36
Hypethetically speaking am i likely to get caught if i was to: Get my employers to reduce my salary, employ my other half paying them the difference between my old salary and my new salary. Therefore having no surplus cash to pay into a IPA or IPO? It is only me going BR so the OR would not have access to my other halfs bank account or earnings etc? Wouldn't this beat the system and if so why isn't everybody doing it?
Of course i wouldn't do it so the question is purely a what if? |
| 5 L A T E S T R E P L I E S (Newest First) |
| JulianDonnelly |
Posted - 22 June 2008 : 11:14:08
You're most welcome!
Regards
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk |
| hammy0107 |
Posted - 22 June 2008 : 10:20:27
Julian,
Thank you as always. |
| JulianDonnelly |
Posted - 21 June 2008 : 20:21:11
Hi Hammy,
I wouldn't worry in your case. As you cannot be the director of a limited company (formally appointed or not) as an undischarged bankrupt. Hence, you would have had to resign as a director anyway. I doubt the OR will have an issue here!
Regards
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk |
| hammy0107 |
Posted - 21 June 2008 : 17:00:19
Deeperanddeeper i can't help thinking there is more to your question than interest. If you are suggesting illegal practice then you should look at yourself very closely.
Julian, this post has worried me as i have taken a severe salary drop and i don't want it to look like i am doing something wrong. My drop was down to resigning my directorship and taking the appropriate salary for my new post as a manager. I know i shouldn't worry as i am doing everything by the book however should the OR deem my situation warrants investigation it will no doubt cause extra headaches. More importantly if the OR starts pestering my wife for information it could be the straw that broke the camels back. I am hanging on to my marriage but only just. |
| JulianDonnelly |
Posted - 21 June 2008 : 13:48:41
Hi Deeperanddeeper,
An interesting idea, but a very dangerous game to play. The OR has no duty to fully investigate each case, only if they have grounds for suspicion. In your case, should something be uncovered, you'll likely receive a BRO/BRU. In addition, how would you explain the drop in salary? My advice is to be open and honest with the OR. If you get an IPO/IPA, it will be based on affordability, so that's got to be far better than the situation you're currently in!
Regards
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk |
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