| T O P I C R E V I E W |
| Sparkle83 |
Posted - 18 February 2009 : 16:49:17
If the expenditure exceeds the income, what happens? |
| 5 L A T E S T R E P L I E S (Newest First) |
| Melanie.n |
Posted - 19 February 2009 : 16:50:51
far better than the income exceeding the expenditure then you'd have an IPO!!!
Melanie Nicholas
28 years insolvency experience - 23 of which in the Insolvency Service
- Insolvency Manager
Jones Giles
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| jwmc77 |
Posted - 19 February 2009 : 16:28:18
my morgage is 630 but im no longrt paying it and living in a rentd house which i pay 550 which do i put on my exp form ?
MAC |
| Sparkle83 |
Posted - 18 February 2009 : 19:32:48
ok, if your expenditures are higher than income, and then you do overtime that still doesn't cover the E with any DI, would they take any of the overtime payment? |
| coxy |
Posted - 18 February 2009 : 18:14:30
We have this problem due to me being out of work,OR Went through income but never mentioned expenditure just said he would review it in 3 months.
one thing, i suppose he took 1 glance at income/expenditure and could see we are insolvent. |
| got there |
Posted - 18 February 2009 : 17:30:25
It isnt a problem, mine far exceeded as put down what the mortgage payment was (which is what you should do) even though i wasnt paying any mortgage as giving the house back next week. The OR didnt even question it, obviously didnt get a IPA.
HTH |
