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cheekychappie
Starting Member

United Kingdom
1 Posts

Posted - 15 March 2010 :  13:47:29  Show Profile  Reply with Quote
Hi there,

I have read this forum with interest, its a great place to find out the questions you need to ask and the answers you need!

My bankruptcy took place in December.
I have a flat but live with my partner in her house, renting the flat. At the time I didn't realise that the rent would go to the OR, but family have supported with paying the mortgage for me and they have just written to me asking if I want to buy back the beneficial interest which is really good news.

I entered bankruptcy due to loosing my job last spring, and was unable to find anything at my previous salary level so I have been stacking shelves in a supermarket overnight.
The OR was aware of this and hasn't taken any salary as a result.

I have been going for interviews etc and just secured a new job on a higher salary.
My question is, do I have to tell the OR about the new job and if so how much of the new salary am I likely to lose?

Many thanks,

Cheeky

gettingoutofdebt
forum expert



2418 Posts

Posted - 15 March 2010 :  14:59:31  Show Profile  Reply with Quote
While you are undischarged you will need to let the OR know if your income changes. They will send you another I&E to complete and if you have more than £99 disposable income (DI) after rent, food, etc. then you will pay between 50% and 70% of the DI.

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