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T O P I C R E V I E W
James.hs
Posted - 25 November 2009 : 09:01:07 I am currently bankrupt and what I would usually pay as tax is being paid to m ceditors through the court appointed solicitors. My question is.. If iI get a bonus through work whilst in Bankruptcy will they take all of it ?
2 L A T E S T R E P L I E S (Newest First)
gettingoutofdebt
Posted - 25 November 2009 : 10:33:32 You will need to inform the OR of any changes in income so even if it is a small amount (£100) then you are liable to declare this. As Housing has said a one-off small bonus would probably be kept but higher amounts would likely be taken.
Housing
Posted - 25 November 2009 : 09:08:54 Hi James,
From what I understand if it is a small amount, the OR will probably not be interested.
If, however it was a substantial amount, say high hundreds and above, then you must inform the ORs office and I guess they will then take a percentage.
I am sure an expert wil post and confirm.
Good luck and I hope you get to keep most of it - I am sure you have earnt it, Richard
