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T O P I C R E V I E W
sarah.m
Posted - 08 August 2008 : 21:32:44 Hi all, was just wondering all of you that have been made bankrupt and got a IPA did it leave you with enough money to live on. For example were you able to go out and have a holiday.
this is worrying me a little as going bankrupt is giving a frsh start but i want to be able to live.
2 L A T E S T R E P L I E S (Newest First)
Ian Richards
Posted - 09 August 2008 : 10:24:22 Hi Sarah
As John as said you can put a holiday saving within your petition, and what the OR will allow for a holiday differs across the board, some OR's will allow more than others, there doesn't seem to be a set pattern.
As regard for saving for a holiday, i think most of the country will find it difficult saving for them for the next couple of years.
If you are in need of any further help or assistance, please contact me regarding my services via email.
John
Posted - 08 August 2008 : 23:17:07 Hi sara your listed expenditures will total what you need to live on. You are able to include a monthly sum for a modest holiday / short UK break. The amount needed to consider yourself "living" is different for every individual. Some would live with a smile on £20 per month above living expenditure, others may not smile with £500 per month. It's a personal thing, unique to each of us.
