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T O P I C R E V I E W
lee.r
Posted - 26 August 2008 : 18:07:49 I have heard that if you are made bankrupt then maybe they can take a chunk out of your wages every month is this true? If so, then what sort of calculation do they use?
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Needafriend
Posted - 26 August 2008 : 18:12:38 Hi Lee, NO they dont take a CHUNK out of your wages. Its done on disposable income, what you have left after paying all your essentials then its worked out from there. Skippy i think it is has a rough calculator on there blog to show what you could end up paying. EG: DI say 200 per month then the OR may advise an IPA of £100 per month. If its less than 100 per month that you have after paying your essentials then the chances are you wont pay anything. I hope this helps. Jo
"There is light at the end of the tunnel, if you cant find it, get a brighter torch!"
