| T O P I C R E V I E W |
| joella68 |
Posted - 30 June 2009 : 17:44:24
hi all,
can anyone plesse give some advice..... i have started a new job today and im only going be working 15 hours per week, i will get a basic wage of £87 per week, but im in caravan holiday homes sales so the commission can be potentially very good, how do i go about this with the OR ? should i inform them ? i am not 100% yet but i think any commission will not be available until the deal is all done with the sale, so could take weeks ? natrually at present i have no idea whatsoever what commission i could be looking at, i believe we are being put forward for possible early discharge, but have not heard anything from the OR regarding this ( we were told this a month ago )will this now affect ED ???
moving forward to new beginnings
 |
| 7 L A T E S T R E P L I E S (Newest First) |
| gettingoutofdebt |
Posted - 01 July 2009 : 15:58:43
More information regarding BRU/Os - http://www.insolvency.gov.uk/pdfs/guidanceleafletspdf/bro.pdf |
| memphisd56 |
Posted - 01 July 2009 : 15:12:09
BRO or BRU stands for: Bankrupcy order or Bankruptcy understanding.
A BRO is given, usually in cases of gambling e.t.c, and can be instated for several years (dependant on the severity of the deed). It becombes a BRU if you agree to their findings, this will result in a shorter term given.
Various restrictions apply whilst in a BRO/U.
I`m sure an expert will advice these. |
| jelojo |
Posted - 01 July 2009 : 15:04:55
sorry to butt in here, but i keep reading about a Bru, what does this stand for please??
Thanks |
| gettingoutofdebt |
Posted - 01 July 2009 : 08:28:27
It may affect the ED but if your income changes and you don't tell the OR you could end up with a BRU if they find out. |
| Skippy |
Posted - 30 June 2009 : 20:27:12
It may do, but it's still best to tell the OR.
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.
View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/
23 IPA payments made, 13 to go - on the home straight! |
| joella68 |
Posted - 30 June 2009 : 20:12:45
do you think this will affect the possibility of early discharge then, as i understood it that if they thought there was a chance of an ipa then they would not give an early discharge until they were sure there were no monies to be had ?
moving forward to new beginnings
|
| gettingoutofdebt |
Posted - 30 June 2009 : 18:31:03
You have 21 days to inform the OR of any changes in income. Do you have an IPA at the moment? If not then this may mean that you end up with an IPA depending upon your outgoings.
My understanding is that the 21 days to inform the OR starts when you receive the income so once you get your first wage you will have 21 days from that date.
With commission it may be that the average of 3 wages is taken as your average wage in the same way that this happens with people who are self employed.
You won't always hear that you have received an ED but you can check the Insolvency Register to see if you have been discharged. |
