| T O P I C R E V I E W |
| penny |
Posted - 07 December 2008 : 22:33:20
We are currenly going thro the BR process, had court, telephone interview wk on Mon. Can you advise as to the %age that is taken from disposable income as my husband has a 2nd job (we have been paying mortgage and rent) and it seems that perhaps it would be pointless in this as will only increase our income? Thanks in anticipation Penny |
| 8 L A T E S T R E P L I E S (Newest First) |
| Almost there |
Posted - 10 December 2008 : 16:36:20
They are absolutely right Penny, I am going BR in the New Year, my debts are rising and will be even more by 2009. My most precious things in life are my daughter, son, grandson and health, without these I really don't know what I would do. Good luck. Sandie |
| movin on |
Posted - 08 December 2008 : 22:10:59
Hey there Penny
I just wanted to welcome you and second what Jo has already said - you, your family and all your health is so much more important than anything in the world....Take care of each other
Jenny
xx
Onwards and Upwards is the way im going :-0)
xx |
| Needafriend |
Posted - 08 December 2008 : 21:45:10
Hey Penny
Your more than welcome to join us in the New Year and yes your family are the most important things in your life as i know mine are my rocks.
No matter what you must stay strong and forget about the past, look to your new future.
In a few weeks you will look back and wonder what all the fuss was about.
Its great to be free:-)
Jo
x
18 Weeks down
34 to go
For more info on how i have come through bankruptcy and for links to help, you can read my blog here called:
Needafriend's Info on Bankruptcy :-)
http://debtfreejo.blogs.bankruptcyhelp.org.uk/
Needafriend says: Live life to the full, take life by the horns and live a little, otherwise life would be so boring!
|
| penny007 |
Posted - 08 December 2008 : 21:39:22
Thanks JO, having read a few posts on here it seems that you are a real support to people. Its such a nerve racking time. We have been trying to sell our house for 2 years, I relocated with my young daughter in march 2 weeks prior to completion on move, fell thro and husband ended up styaing there til sept. We now have a very very small 2 bed rented property but at least we are all together and near my family. We have spent nearly 8K on trying to move, house purchases and sales falling thro, solicitors etc and have nothing to show for any of it now, having lost all of our savings. Reality check a few wks ago when we found out my Dad has cancer, we now live a few mins away so can be there whenever we want or are needed. No amount of money can replace our family and we need to keep strong thro xmas and the new year for everyones sake. We had a buyer at 110K and my parents offered 25K cash to Northern Rock (would only have left 10K in charges) and they refused, hence we are now bankrupt. Will feel more happy and settled once we know what we need to pay for the next 3 yrs I guess. Would love to come along to your get together in the new year. Lots of thanks and hugs to you xxx |
| Needafriend |
Posted - 08 December 2008 : 21:03:13
Good luck Penny :-)
Jo
x
18 Weeks down
34 to go
For more info on how i have come through bankruptcy and for links to help, you can read my blog here called:
Needafriend's Info on Bankruptcy :-)
http://debtfreejo.blogs.bankruptcyhelp.org.uk/
Needafriend says: Live life to the full, take life by the horns and live a little, otherwise life would be so boring!
|
| penny007 |
Posted - 08 December 2008 : 18:24:14
Thanks very much for your prompt reply We have submitted our forms today and interview next Monday.
Decided that hubby should give up extra part time work as had been doing to make payments for rent and mortgage. Without the mortgage payment we can just manage to pay everything on our incomings, leaving just £6 per month spare! ALthough I guess the OR may reduce some of our monthly amounts?
Thanks for your help
Penny x |
| Trolly-Dolly |
Posted - 07 December 2008 : 23:08:37
This is a table of IPA percentages that you can expect to pay on any surplus income:
1st Column=SURPLUS INCOME
2nd Column=AMOUNT TO BE PAID
3rd Column=% OF DISPOSABLE INCOME
50 Nil
60 Nil
70 Nil
80 Nil
90 Nil
100 50 50
110 55 50
120 60 50
130 65 50
140 70 50
150 75 50
160 80 50
170 85 50
180 90 50
190 95 50
200 100 50
210 105 50
220 110 50
230 115 50
240 120 50
250 150 60
260 156 60
270 162 60
280 168 60
290 174 60
300 180 60
310 186 60
320 192 60
330 198 60
340 204 60
350 231 66
360 238 66
370 244 66
380 251 66
390 257 66
400 264 66
410 271 66
420 277 66
430 284 66
440 290 66
450 297 66
460 304 66
470 310 66
480 317 66
490 323 66
500 350 70
510 357 70
520 364 70
530 371 70
540 378 70
550 385 70
560 392 70
570 399 70
580 406 70
590 413 70
600 420 70
Taken from Skippys blog. Many thanks x
You can read my blog here;
http://drowningmummy.blogs.iva.co.uk/ |
| Needafriend |
Posted - 07 December 2008 : 22:54:23
Hi Penny
It would be between 50% and 70% from your disposable income per month for a max 3 years.
Jo
x
18 Weeks down 
34 to go 
For more info on how i have come through bankruptcy and for links to help, you can read my blog here called:
Needafriend's Info on Bankruptcy :-)
http://debtfreejo.blogs.bankruptcyhelp.org.uk/
Needafriend says: Live life to the full, take life by the horns and live a little, otherwise life would be so boring!
|
