| T O P I C R E V I E W |
| mimooem |
Posted - 11 December 2009 : 22:55:09
Hi
I was wondering what the spending limits are on the bankruptcy application for just a couple. I don't know if I may be putting to high figures even though it is correct. Also do they look into your credit history. e.g experian.
Thanks
Emma |
| 7 L A T E S T R E P L I E S (Newest First) |
| gettingoutofdebt |
Posted - 31 December 2009 : 23:33:01
Just to add on to Skippy's post - Don't take too much notice of the 'guidance' figures for utility bills; You should put down what the bills actually are.
If the OR disagrees with the figures then you can forward the bills and they have no option but to agree with them. The OR cannot force you to change utility companies if they believe that you could spend less with a different company. |
| Skippy |
Posted - 31 December 2009 : 22:39:46
I wish we only spent £75 a month on gas and electricity - we've only got a 1 bed maisonette and we spend £100!
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/
30 IPA payments made, 6 to go - the end is in sight! |
| debtinfo |
Posted - 31 December 2009 : 18:39:36
This is the full guidance on income and expenditure, its a bit of a read
http://www.insolvency.gov.uk/freedomofinformation/technical/TechnicalManual/Ch25-36/Chapter31/part7/part2/part_2.htm |
| mimooem |
Posted - 31 December 2009 : 18:11:33
I was just wondering what the limits are for all the other sections as they don't show up on your link only the first section in particular the pets as we have many. thanks
Emma
E Ayre |
| chester2005 |
Posted - 12 December 2009 : 23:44:46
the OR has the ability to check your financial status bank accounts and asset sales through your near and distant past should he feel the need to do so..
it is advisable to be completely honest with the OR and your SOA statement of affairs is a legal document you sign under oath should you lie about its contents you can be guilty of Perjery
Dave
Don't worry or know that worrying is as effective as trying to solve an algebra equation by chewing bubble gum.(Baz Lurman)
RevivaUK helped me through it all i can't recommend them enough!! |
| In 2 Deep |
Posted - 12 December 2009 : 20:06:14
Hi There,
The OR as access to Experian Citizen View, where he can undertake a full credit check going back 6 years.
He may or may not undertake this search depending on what you inform him of, and if this info is corroborated by your bank statements i.e. If you declare 3 credit accounts, but your bank statements shore direct debits to 4 creditors this will get the alarm bells ringing and the OR will dig deep - very deep.
quote:
Originally posted by mimooem
Hi
I was wondering what the spending limits are on the bankruptcy application for just a couple. I don't know if I may be putting to high figures even though it is correct. Also do they look into your credit history. e.g experian.
Thanks
Emma
Treat EVERY Penny as a prisoner. |
| gettingoutofdebt |
Posted - 12 December 2009 : 09:47:37
The guideline figures are available at www.insolvency.gov.uk/DocumentLibrary/Policy/Excel/Household%20Expenditur.xls
There shouldn't be any reason for the OR to look into your credit history unless they think that you haven't been completely honest during the interview and you have other debts that you are hiding. If this is the case then they would investigate further and could check your credit history to see exactly which debts you have. |
