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lowrikn464
Starting Member



1 Posts
Posted - 16 April 2010 :  11:52:54  Show Profile  Visit lowrikn464's Homepage  Reply with Quote
I was made bankrupt in September 2009 and currently working part time earning approx £1.2k/month. If my pay increased to £4k/month how would that affect my early discharge and monthly repayments? Could they prolong my period of repayments?

Richard P
Senior Member



United Kingdom
1701 Posts
Posted - 16 April 2010 :  13:28:36  Show Profile  Reply with Quote
Hi Lowrikin

if you have an increase in your income you must notify the OR within a month.

they will then review your income and expenditure

Disposable income over £99 may result in a 3 year IPA the amount that you pay will be between 50 - 70% of the total

regards Richard
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