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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
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.
