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T O P I C R E V I E W
ONK
Posted - 02 April 2014 : 17:35:46 Where the criteria set says "less than £50 a month of surplus income after living expenses"........... Is this including payments to debts?
So household income - household outgoings (inc debt) to be less than £50 remaining?
Thanks
3 L A T E S T R E P L I E S (Newest First)
Andy Davie
Posted - 10 April 2014 : 09:18:50 Hi
Also be aware that if your disposable income risers above £50 during the 12 month DRO it will be null and void
Regards
Andy Davie
Spokesperson and Site Manger IVA.co.uk
Niobe
Posted - 02 April 2014 : 18:28:40 The surplus is after your normal household expenses are taken into account. It does not include debt payments.
Bear in mind that the debt also has to be below £15k with no assets. You cannot own your own house and cannot have anything else worth more than £300, including a car.
The friend in my adversity I shall always cherish most. I can better trust those who helped to relieve the gloom of my dark hours than those who are so ready to enjoy with me the sunshine of my prosperity. – Ulysses S. Grant
Viki.W
Posted - 02 April 2014 : 18:28:28 No, as you won't be paying any debts. Don't include them in your outgoings.
