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 bankruptcy postbag for august
 wondering if I can get less expensive vehicle

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T O P I C    R E V I E W
Imp Posted - 08 August 2008 : 09:40:48
I declared bankruptcy a year ago,and making payments for four more years,my husband did not.Unfortunately, my husband lost his job 6 months ago and even though I'm working the payment takes a third of our income. My vehicle was in the bankruptcy and I'm wondering if I can get something less expensive in a vehile. We are currently at risk to loss our home. We are a family of three. Thank you
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John Posted - 14 August 2008 : 20:10:00
Hi
can you remember the overall monthly income figure to the household declared on your SoA?
(your net income + husband's contribution + benefits if any).
And can you remember the household expenditure figure which was accepted by the Official Receiver?

www.Bankruptcyhelp.org.uk
0800 078 9367
Imp Posted - 14 August 2008 : 19:24:39
The attorney never talked to about disposable income. Even though I was the only one declaring, he considered my husbands income, but now he has been out of work for six months. My income is 28,000 a year and my payment is 780. a month. Can not make payment at end of month and do not know what will happen to me. Thanks, IMP
quote:
Originally posted by John

Hi Imp & welcome to the forum
As you declared bankruptcy a year ago, there should only be 2 years left to pay if you are in an IPA.
The payment should not take a third of your income unless that income is comparitively high.
Would you be able to supply a little more detail of your case?


www.Bankruptcyhelp.org.uk
0800 078 9367

John Posted - 08 August 2008 : 10:11:21
Hi Imp & welcome to the forum
As you declared bankruptcy a year ago, there should only be 2 years left to pay if you are in an IPA.
The payment should not take a third of your income unless that income is comparitively high.
Would you be able to supply a little more detail of your case?


www.Bankruptcyhelp.org.uk
0800 078 9367

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