I AM TOTALLY STRESSED I FILE A BANKRUPTCY FOR SECOND TIME ON TUESDAY WAS DISCHARGED OVER 7 YEARS AGO HAVE TRIED DMP BUT AT END OF THE MONTH AM ONLY LEFT WITH £100 I DO GET QUARTER BOUNUS WHICH CAN BE £400 UP TO £1000 DEPENDING ON WORK PROFITS BUT CAN BE HARDLY ANYTHING SOME TIMES AM WORRIED THEY CAN DO ATTACHMENT OF EARNINGS AND LEAVE ME GETTING IN WORSE DEBT AS I WONT HAVE ENOUGH TO PAY MY BILLS IF THEY DO ATTACHMENT OF EARNINGS CAN ANY ONE ADVISE ME
I presume you mean an Income Payment Agreement or Order (IPA / IPO) rather than an attachment of earnings order?
If this is the case you will only have an IPA if you have £100 or more disposable income each month.
Regarding your bonuses, you will need to inform the OR of these until you are discharged, and if you do have an IPA you will have to inform them for the duration of that - 36 months.
I gather I don't lose all of my bonus? I understand some of it as creditors will want what they can get but we are only left with about £100 after all is done.
I think it's at the discretion of the OR as to how much you lose.
When you say you are left with around £100, are you including debts or DMP payments in your expenditure, as don't forget that once you have gone BR you won't have these?
NO THIS IS JUST HOUSE HOLD BILLS AND FUEL COSTS FOR GETTING TO WORK DID DMP BUT SOON AS WE MOVED TO A HOUSING ASSOCIATION HOUSE BILLS SHOT UP AND THERE IS NO MONEY LEFT FOR DMP SO DMP IS NOT INCLUDED
Attachment of earnings
Posted - 29 September 2010 : 11:08:30
